Construction Loans
Ground-up construction financing for builders and investors
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 18 month (case-by-case) loans terms
- Foreign Nationals eligible
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Construction Loan
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LOAN PURPOSE
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- Ground-up construction loans for developers and investors building 1-5 properties at a time
- Lot financing can be included, if lots are in build-ready condition |
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LOAN AMOUNT
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$50K - $5MM
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TERM
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12 months (standard), with optional extensions
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BORROWER TYPE
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Entity required
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MINIMUM EXPERIENCE
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Minimum (2) builds and (1) rehab experience required
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MAXIMUM LOAN-TO-VALUE (LTV)
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Up to 70% LTV
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MAXIMUM LOAN-TO-COST (LTC)
COST IS PURCHASE PRICE AMOUNT |
Permitted: up to 75% LTC / Unpermitted: up to 60% LTC
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WHEN DO WE USE LTV VS LTC?
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Generally, we use the lesser of LTV or LTC calculation
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REHAB/CONSTRUCTION FINANCING
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Funding up to 100% construction budget up to % Approved LTV of Total Cost
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FOREIGN NATIONALS
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Not allowed from ineligible country list
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PROPERTY TYPES
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Non-Owner Occupied:
- Single Family Residences (SFR) - 2-4 unit properties - Townhomes - Condos |
Over $8 Billion in loans for Real Estate Investors
What Makes this Product Stand Out?
- Loans designed for developers and investors alike
- Option to include land acquisition financing
- Multiple draws available at borrower’s discretion
We have the product to meet your needs.
Important Note: If you are a broker, please call your FACo Account Executive to initiate access to your new and enhanced portal. If you don’t know who your Account Executive is, please call (866) 464-3226
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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.