NEW CONSTRUCTION LOANS

12 to 24 Months Term

Short-term financing for new construction projects.

Looking for Financing for New Construction Project?

Fast Private Lending LLC can arrange funding to cover all your ground-up construction requirements. Our ground-up Construction program presents rates starting at 7.99% with a 12 to 24 months term to ensure your project is Sufficiently financed from start to Completion.

Collateral:

Non-Owner Occupied Single-Family
Properties; Condos; Townhomes

TERM:

12 – 24 Months

Loan Amount:

$100k* – $3M
*Based on Max Loan Amount

Minimum Property Value:

$150k**
**As-Completed Value

Rates:

Starting at 7.99%

Minimum FICO:

680

NEW CONSTRUCTION LOAN PROGRAM

ASSUMING ENTITLEMENTS, PERMITS & APPROVED PLANS

Tier 1: Completed 10+ Ground Up Construction Projects

INITIAL LOAN AMOUNT

	Maximum Loan-To-Value	Maximum Loan-To-Cost
Purchase	Up to 75% of the As-Is Value	Up to 75% of the As-Is Value
Refinance	Up to 75% of the As-Is Value	N/A

MAX LOAN AMOUNT

	Maximum ARV	Total Loan-To-Cost
Purchase	Up to 75% ARV	Up to 90% LTC
Refinance	Up to 75% ARV	Up to 85% LTC

Tier 2: Completed Between 5 and 9 Ground Up Construction Projects

INITIAL LOAN AMOUNT

	Maximum Loan-To-Value	Maximum Loan-To-Cost
Purchase	Up to 75% of the As-Is Value	Up to 75% of the As-Is Value
Refinance	Up to 60% of the As-Is Value	N/A

MAX LOAN AMOUNT

	Maximum ARV	Total Loan-To-Cost
Purchase	Up to 70% ARV	Up to 85% LTC
Refinance	Up to 70% ARV	Up to 85% LTC

Tier 3: Completed Between 2 and 4 Ground Up Construction Projects

INITIAL LOAN AMOUNT

	Maximum Loan-To-Value	Maximum Loan-To-Cost
Purchase	Up to 70% of the As-Is Value	Up to 70% of the As-Is Value
Refinance	Up to 60% of the As-Is Value	N/A

MAX LOAN AMOUNT

	Maximum ARV	Total Loan-To-Cost
Purchase	Up to 65% ARV	Up to 80% LTC
Refinance	Up to 65% ARV	Up to 80% LTC

Tier 4: Completed At Least 1 Ground Up Construction Project

INITIAL LOAN AMOUNT

	Maximum Loan-To-Value	Maximum Loan-To-Cost
Purchase	Up to 70% of the As-Is Value	Up to 70% of the As-Is Value
Refinance	Up to 60% of the As-Is Value	N/A

MAX LOAN AMOUNT

	Maximum ARV	Total Loan-To-Cost
Purchase	Up to 75% ARV	Up to 90% LTC
Refinance	Up to 75% ARV	Up to 85% LTC

Borrower or guarantor must meet the above qualifying criteria as stated above or have similar experience in the past 3 years as well as a minimum 1 year established business activity purchasing real estate for investment purposes and or real estate renovation.

Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.