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 |
|
City, State | Moreno Valley, California |
Population | 213,055 |
Map Coordinates | 33.92°N 117.20°W |
Median Home Price | $350,700 |
Housing Units Owner Occupied | 31,250 |
Housing Units Renter Occupied | 20,970 |
Hard Money Loan Volume | $146,880,117.00 |
Rental Property Loan Volume | $180,662,543.91 |
Bridge Loan Volume | $51,408,040.95 |
Fix & Flip Loan Volume | $111,628,888.92 |