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 | Fort Lauderdale, Florida |
Population | 182,437 |
Map Coordinates | 26.14°N 80.14°W |
Median Home Price | $359,200 |
Housing Units Owner Occupied | 41,612 |
Housing Units Renter Occupied | 34,736 |
Hard Money Loan Volume | $125,772,067.80 |
Rental Property Loan Volume | $154,699,643.39 |
Bridge Loan Volume | $44,020,223.73 |
Fix & Flip Loan Volume | $95,586,771.53 |