Construction
We finance the construction of residential and small multifamily investment properties. Investors appreciate our flexible terms, ease of draw funding, and speed of closing.
Lending Criteria
LOAN AMOUNT | $200,000 to $1.5 million. Loan amounts outside of this range considered. |
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LOAN TERM | 12, 18 or 24 months |
PAYMENT TYPE | Interest-only with balloon payment at maturity. No interest paid on undrawn funds. |
LEVERAGE | Up to 85% loan to cost; 65% loan to after construction value |
CONSTRUCTION FINANCING | 100% of construction budget (including eligible soft costs) |
CREDIT FOR LAND | 100% of acquisition cost |
CLOSING TIMELINE | 2-3 weeks |
Additional Guidelines
FICO | 700 min soft credit assessment |
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INVESTING EXPERIENCE | We require a sponsor to have completed at least 4 new builds. GC’ing and complex flip projects may also count toward experience depending on complexity. |
ELIGIBLE PROPERTIES | Single-family, townhomes, ADU’s, and 2-4 units (5-20 units considered) |
ELIGIBLE STATES | Nationwide except ND, NV, SD, VT and WV |
BORROWER | Loans are made to entities. A personal guarantee is customary. |
CONSTRUCTION DRAWS | Materials, labor, demolition, and customary soft costs reimbursable. Draw request takes 3-4 business days with a virtual inspection. |
Mortgages are offered in partnership with Vontive, NMLS ID 1716495 (“Lender”). This is not a commitment to extend mortgage credit. Mortgage products, programs, eligibility criteria, pricing, and terms are subject to change without notice and at the sole discretion of the lender. All data and information is provided “as is” for informational purposes, may not be accurate, and may be subject to change without notice. Unless otherwise communicated in writing, all data and information Lender provides is “as is” without any warranty whatsoever. Additional disclosures and information, including state licensing of Lender, is available at www.vontive.com.
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Arrange a consultation with us today to delve into your real estate transaction. Discover how we can guide you seamlessly to the closing table.
Opportunity Enterprises: Guiding Your Real Estate Deals to a Seamless Closing.
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4480H S. Cobb Dr. STE475, Smyrna, GA 30080