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 | Greensboro, North Carolina |
Population | 296,710 |
Map Coordinates | 36.09°N 79.82°W |
Median Home Price | $169,600 |
Housing Units Owner Occupied | 57,490 |
Housing Units Renter Occupied | 60,556 |
Hard Money Loan Volume | $204,551,874.00 |
Rental Property Loan Volume | $251,598,805.02 |
Bridge Loan Volume | $71,593,155.90 |
Fix & Flip Loan Volume | $155,459,424.24 |