NEW CONSTRUCTION LOANS
12 to 24 Months TermShort-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
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.
Three Simple Steps to Get Financing
Apply
Complete our loan Application and Allow us to Conduct the Initial Due Diligence to Underwrite Your Commercial Deal
Term Sheet
Review & execute our term sheet which Includes all the loan terms & costs associated with it.
Closing
Our attorney will draft the loan documents and once signed the funds will be wired directly to your bank.
Get in Touch
716.444.4667
[email protected]
Open Hours
8am – 8pm Everyday
Our Office
Clearwater, FL
Buffalo, NY