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 | Reno, Nevada |
Population | 255,601 |
Map Coordinates | 39.54°N 119.84°W |
Median Home Price | $378,600 |
Housing Units Owner Occupied | 52,613 |
Housing Units Renter Occupied | 57,505 |
Hard Money Loan Volume | $176,211,329.40 |
Rental Property Loan Volume | $216,739,935.16 |
Bridge Loan Volume | $61,673,965.29 |
Fix & Flip Loan Volume | $133,920,610.34 |