Ground Up Construction Loans | Best High LTC Financing For Developers Launched
Apr 10, 2022
Boca Raton,United States - April 10, 2022 /PressCable/ —
The new Ground Up Construction loan program, launched by the privately funded lender Capital Funding Financial, gives real estate investors and developers the ability to secure financing for the construction of single-family spec homes, multi-family developments, and mixed-use projects.
More details can be found at https://capitalfundingfinancial.com
The newly released lending program was developed for investment projects that are entitled or shovel-ready and allows clients a private lending option instead of a traditional bank loan.
Private lenders such as Capital Funding Financial issue funds backed by private investors. Loans offered from private lenders generally carry shorter terms, have less stringent eligibility criteria, and are processed significantly quicker than traditional bank programs.
The company developed the new loan program for real estate developers, investors, and contractors who have their permitting and requirements in place and did not want to wait for a bank loan to move their projects forward.
The Ground Up Construction loan program offers construction financing from $250,000 to $50 million for terms of 6 to 36 months. The underwriting process generally takes 21-28 days, the loan program offers up to a 75% Loan to Value (LTV), and loan rates start at 7.99%. Qualifying commercial builders can also access programs with an 85% loan-to-cost ratio.
About Capital Funding Financial
Capital Funding Financial is a privately funded lender, specializing in investment properties. The family-operated lending firm has a licensed team with more than 50 years of professional experience in the development and lending industries. The firm has a rating of A+ with the Better Business Bureau.
Capital Funding Financial partners with mortgage brokers in most states nationwide, and focuses its lending on investment properties throughout Florida, Texas, Georgia, Tennessee, and the Northeast. In addition to the newly released Ground Up Construction loan program, the company has a variety of additional private mortgage loan programs for commercial and investment properties.
A spokesperson for the company noted: “We are reliable, can close quickly, and have great feedback from all our customers. Our construction loans require very little documentation, and instead, the underwriting is primarily based on the risk of the project itself.”
Additional information on Capital Funding Financial and their Ground Up Construction lending program for investors can be found at https://capitalfundingfinancial.com
Contact Info:
Name: David DiNatale
Email: Send Email
Organization: Capital Funding Financial
Address: 5550 Glades Rd Ste #200, Boca Raton, Florida 33431, United States
Phone: +1-954-320-0242
Website: https://capitalfundingfinancial.com
Source: PressCable
Release ID: 89072875
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