New Construction Loan

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 New Construction Loans

New Construction Loan
LOAN PURPOSE
- 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
LOAN AMOUNT
$50K - $5MM
TERM
12 months (standard), with optional extensions
BORROWER TYPE
Entity required
MINIMUM EXPERIENCE
Minimum (2) builds and (1) rehab experience required
MAXIMUM LOAN-TO-VALUE (LTV)
Up to 70% LTV
MAXIMUM LOAN-TO-COST (LTC)
COST IS PURCHASE PRICE AMOUNT
Permitted: up to 75% LTC / Unpermitted: up to 60% LTC
WHEN DO WE USE LTV VS LTC?
Generally, we use the lesser of LTV or LTC calculation
REHAB/CONSTRUCTION FINANCING
Funding up to 100% construction budget up to % Approved LTV of Total Cost
FOREIGN NATIONALS
Not allowed from ineligible country list
PROPERTY TYPES
Non-Owner Occupied:
- Single Family Residences (SFR)
- 2-4 unit properties
- Townhomes
- Condos
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 sales rep to initiate access to your new and enhanced portal. If you don’t know who your sales rep is, please call 1-800-227-8107.

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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