Vertical Construction Loan Terms
- Loan terms are 6-12 months depending on borrower and project
- Interest rate ranges from 12% - 14%
- 3-3.50 points
- 24Hour close time
- Same day approval
- Interest only payments
- No prepayment penalty for early payoff
- 30 and 90 day extension options at lender's discretion
- All closing costs and points are due from borrower at closing
- LTV up to 70% of ARV
- $3,000 Closing fee - includes desktop appraisal, documents, processing, & flood cert
- Loans available from $150,000 - $50,000,000
- No previous project requirements
- Entity borrowers only
DFW Hard Money understands vertical construction and building. From single-family to mixed-use projects, and every asset class in between, we have solutions to help investors accomplish their objectives. A strong lending partner that understand the construction process and makes draws quick and easy goes a long way to keeping a project on track and profitable.
Ground-Up Construction Financing
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Vertical Construction Tips
- Make sure entitlements are good
- Apply for permits in advance
- Have plans and budget in place
- Line out contractors to start at closing
- Pre-order materials
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