Ground Up Construction

Ground Up Construction Loans

For non owner occupied real estate investments

Express Capital Financing offers competitive financing for acquisition, development and construction loans for builders and developers.

WHAT WE OFFER:

  • Up to 85% of Project Cost – land & development
  • 12-24 Month Term – Interest Only
  • Up to 75% Loan to Purchase, 100% development cost not to exceed 75% ARV
  • Loans from $250k to $10M
  • Nationwide Footprint
  • Fast approvals and funding since we are not a bank
  • Minimum Experience – 2 + deals completed
  • 1-100 Units

PROPERTY TYPES

Properties We Finance:

Multi Family 

SFR 

Town homes

PROGRAM REQUIREMENTS:

Borrower/Sponsor

  • Resume / Summary of experience showing 2+ previous completed deals
  • Personal Financial Statement

Project Info: New Construction / Condo Conversion

  • Project Summary
  • Exit Strategy (Sell / Rent)
  • Plans and Drawings
  • Detailed Budget
    • Hard Costs (labor, materials, etc)
    • Soft Costs (plans, permits, interest, etc)
  • Project Estimated P&L (if to be sold)
    • Is the deal gross margin at least 20%?
  • Proposed Timeline (Permit Phase, Construction Phase, Marketing Phase, Sellout Phase)
  • Construction company / GC Bio
  • Borrower Provided Comps

Rates & Terms

Residential Ground Up Construction (Purchase and Refinance):

View Rates & Terms

Guildelines Criteria
Minimum Loan $250,000
Maximum Loan $10,000,000
Maximum LTV 75% of purchase price 100% of rehab 75% of ARV 85% Loan to Coast
Purpose Purchase
Refinance
Lien Position 1st only
Timing (estimated) Term Sheet: Same Day
Terms 12-36 months
Location Nationwide
Interest Rates Starting at 10%+
Rehab Holdback Only incurs interest as the monies are drawn upon
Origination Fees 2+ points
Amortization Interest only
Recourse Recourse
Entity Entity
Property Types Single Family 2-4 Units, up to 100 units now available

READY TO GET STARTED?

Get preliminary approval within 24 hours.

Simply complete the form using the link below, or call us at 718-285-0806:

Ground Up Construction Online Application

TAKE THE NEXT STEP

OR fill out and return the following paper application:

Ground Up Construction Paper Application

TRY OUR GROUND UP CONSTRUCTION CALCULATOR

In order to assist house flippers, we have provided a free calculator to help put finances into perspective, so you know how much financing you will need to make your next Ground Up Construction project a huge success.

Try Our Deal Calculator

Express Capital Financing is proud to offer all of our services internally:

  • Closings
  • Underwriting
  • Inspections
  • Draws
  • Construction Management