LOAN PURPOSE | New construction projects |
INTEREST RATE[1] | Rates as low as 9.95% |
LOAN AMOUNT | $300K to $20MM |
LOAN TERM | 12 months |
BORROWER TYPE | Individual or group |
EXPERIENCE | Based on prior 36 months |
MAX LOAN-TO-VALUE (LTV)[7] | 65 to 70% |
MAX LOAN-TO-COST (LTC)[8] | 80 to 85% |
LTV VS. LTC | We use the best calculation for your project |
CONSTRUCTION FINANCING | Up to 100% |
PROPERTY TYPE |
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City, State | Anchorage, Alaska |
Population | 288,000 |
Map Coordinates | 61.17°N 149.28°W |
Median Home Price | $314,600 |
Housing Units Owner Occupied | 64,218 |
Housing Units Renter Occupied | 40,980 |
Hard Money Loan Volume | $198,547,200.00 |
Rental Property Loan Volume | $244,213,056.00 |
Bridge Loan Volume | $69,491,520.00 |
Fix & Flip Loan Volume | $150,895,872.00 |