Our Construction Loans provide builders and investors the financing they need for ground-up construction and land acquisition.
Key Facts about our Construction Loans
- Ideal for build-ready infill, tear down, and spec homes in urban locales
- Not for tract home projects or new subdivisions (10+ homes)
- Mid-Construction financing options available
- Loans available for single family and multi-family properties
- 12 or 24 month loan term depending on the project plan
- Experienced developers with 3+ similar past projects eligible for higher leverage
- Foreign Nationals eligible
| Ground Up Program | Experienced Developer Program (3+ Similar Past Projects) | |
|---|---|---|
|
MAXIMUM LOAN TO COST |
Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction Max 85% of total project costs LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing |
Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction
Max 90% of total project costs LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing |
|
MAXIMUM LOAN TO ARV
|
Up to 70% |
Up to 70% |
|
RECOURSE |
Full Recourse |
Full Recourse |
|
RESERVES/ESCROWS |
Interest Reserve: Minimum 1 month |
Interest Reserve: Minimum 1 month Minimum 6 months full boat IR funded with initial loan amount for 90% LTC loans |
|
EXPERIENCE |
Previous real estate experience required: 1-2 Ground ups GCs if experience if permits tie to Ground ups Guarantors with no experience permitted on a case by case basis |
Previous real estate experience required: 3+ similar Ground-up builds + heavy rehabs with expansion. Professional development / builder. Guarantors with no experience permitted with experienced guarantor that meets the above experience criteria |
|
LOAN AMOUNT |
Min: $50,000 Max: $5,000,000 |
Min: $50,000 Max: $5,000,000 |
|
TERM LENGTH |
12 months, Up to 18 at Lender Discretion |
12 months, Up to 24 at Lender Discretion |
|
PROPERTY COUNT |
Min: 1 Max: 2 |
Min: 1 Max: 10 |
|
PERMITTED PROPERTY TYPES |
Eligible: Non-owner Occupied 1-4 unit residential Townhomes Condos Ineligible: Mixed use properties 5+ unit multifamily properties Condotels Co-ops / TICs Commercial Property Log Homes Properties Subject to Oil and/or Gas Leases Operating Farms, Ranches, or Orchards Vacation or Seasonal Rentals Rural properties |
Eligible: Non-owner Occupied 1-4 unit residential Townhomes Condos Ineligible: Mixed use properties 5+ unit multifamily properties Condotels Co-ops / TICs Commercial Property Log Homes Properties Subject to Oil and/or Gas Leases Operating Farms, Ranches, or Orchards Vacation or Seasonal Rentals Rural properties |
OVER $8 BILLION IN LOANS FOR REAL ESTATE INVESTORS
Why Choose EZ Financial Group Construction Loan?
- Loans designed for developers and investors alike
- Option to include land acquisition financing
- Multiple draws available at borrower’s discretion
GET STARTED
Complete the form below and a member of our experienced sales team will reach out to you directly to discuss your goals and answer any questions you may have.
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