LOAN
TERMS
Standard Loan Terms
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Max Loan Amount: $20,000,000
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Max LTC / ARV:
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Experienced 90% LTC / 85% ARV
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Inexperienced 75% LTC / 65% ARV
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Rate: Starting at 9%
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Term of loan: 12-36 months
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Payments: Monthly Interest Payments with Balloon at Maturity
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Prepayment penalty: None
Property Types
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Condominiums
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Single-family residences
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Two to four units
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Multifamily homes
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Townhouses
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Condo-Hotels
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Other property types case by case
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Standard Closing Time
The usual time to close is 25-40 days.
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Standard Closing Costs
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Points: 1-4%
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Underwriting Fee: None
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Legal: $1,500-$2,500
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Appraisal Fee: None
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Title Insurance and recording fees: None
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Security is required either in the form of additional cash or asset to be held against the loan origination and or loan term.
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Standard Requirements
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*Credit Application: None
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Review of exit strategy
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Copy of ID and Borrowing Entity docs
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Purchase Contract (If Purchase)
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Property Insurance (if applicable)
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All owners / partners will be required to sign the engagement contract before closing.
*Some applicants will require additional security review. Not limited to credit application, 1 fiscal quarter of bank statements and past project completion list.
Our team is dedicated to finding the right-fit loan for your project and your personal financial goal for the project. If you are not sure CONSTRUCTION LENDING is for you drop us a line and we will have one of our experts get back to you to discuss further.
NO FEES UNTIL CLOSING
NO PREPAYMENT PENALTIES
NO APPRAISAL
FEES
This is not an offer for extension of credit nor a commitment to lend. Programs, rates, terms, and conditions subject to change without notice. Certain restrictions may apply. All approvals subject to underwriting guidelines. Not all applicants will qualify.
2023 All rights reserved by Bellvue Investments