SteveKnowsLoans recognizes the ingenuity of those that invest in, develop, and construct buildings. They can turn their ideas into viable businesses with sufficient funding. With our New Construction loan options, we can help you get the funding you need to build the home of your dreams.
New Construction Loans: The Way to Go
Our New Construction loans can be used for many different purposes during the building process, such as:
- Price of land.
- Construction supplies.
- A necessary permission.
- Labor.
- Sit down with one of our seasoned loan officers to discuss your project in depth and we’ll work together to find a financing option that makes sense for your unique situation.
Important Facts Regarding Our New Building Loans
SteveKnowsLoans New Construction loan products can help you get the money you need, no matter how big or little your construction project is. Some highlights include:
- You can borrow from $250,000 to $50,000,000 with us.
- You can get a mortgage for up to 70% of the estimated final price.
- The maximum loan-to-cost (LTC) ratio for which borrowers are eligible is 85%.
- You can go where you need to go quickly because of our easy and quick approval process.
- We provide interest-only lending terms of 12 to 24 months.
- Loans can be put toward the construction of multifamily dwellings like apartments or townhouses.
- Unused rehabilitation monies are not subject to interest charges.
The Advantages of SteveKnowsLoans
When you work with us to get a New Construction loan, you’ll get first-rate assistance from start to finish. Some of the perks of working with us are as follows:
Employees fluent in multiple languages to better serve our clientele
Mortgage underwriting in the digital era
Offering a comprehensive range of specialized services, we guarantee each of our clients a prosperous real estate transaction.
Reach Out to Us Today!
Do you have an upcoming large project as a real estate investor, developer, or builder? Apply for a New Construction financing from SteveKnowsLoans today to kickstart your project.
Please get in touch with one of our lending advisors for further details.
Call Steven Jackson at 813-616-9411 now!
