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 | Newark, New Jersey |
Population | 282,011 |
Map Coordinates | 40.72°N 74.17°W |
Median Home Price | $270,600 |
Housing Units Owner Occupied | 24,634 |
Housing Units Renter Occupied | 77,521 |
Hard Money Loan Volume | $194,418,383.40 |
Rental Property Loan Volume | $239,134,611.58 |
Bridge Loan Volume | $68,046,434.19 |
Fix & Flip Loan Volume | $147,757,971.38 |