Ground Up
Construction Loan Program

When traditional financing falls short, we've got you covered

Ground Up
Construction Loan Program


A "hard money" loan is a short-term bridge loan used to acquire or refinance a property when conventional financing is not available or will simply take too long to close. A hard money loan is a great fit in the following situations:

  1) When you need to close fast (in less than 2 weeks).
  2) When the property is not generating any income (not leased).
  3) When the property needs renovations.
  4) When you don't have great credit (below 620)
  5) When you can't provide verifiable income (no tax returns available).
  6) Foreign National Borrower

At Loan Funding Solutions, our programs for hard money close in some cases as soon as 3 days and up to 7. Our hard money programs no personal income requirements or verification and documentation that your business should have on hand!

What do you use a hard money loan for? Hard money loan, also referred to as an asset-based loan, is typically utilized for funding property acquisitions and improvements, as well as providing short-term financing options for borrowers who may not qualify for conventional bank loans. For real estate investors, a hard money loan can help fund property renovations, which can then be sold or leased out. Once the renovation is complete, the investor can refinance the hard money loan with a lower rate and longer term permanent financing. Essentially, hard money loans serve as a "bridge" for investors until permanent financing becomes available or the property is sold.

Program Overview

  • Loan Amount:                 $500,000 - $150 Million
  • Term Length:                 6 - 36 Months
  • Max LTV:                         Up to a maximum of 75%
  • ​Max LTC:                         Up to a maximum of 80%
  • ​Amortization:               Interest Only
  • ​Interest Rate:              As low as 7.99%
  • ​Closing Time:                17 Days
  • ​Loan Use:                      Purchase, refinance,                                                                  cash-out, Construction on                                                        Entitled or Shovel Ready                                                            Land

About Ground Up
Construction Loans:

  •  Fast Closing in 17 Days
  • ​Rates as Low as 7.99%
  • ​Interest Only Payments
  • No Occupancy Requirements​
  • ​Eligibility based on the property's loan-to-value ratio (LTV), liquidity, experience.

Qualifications

  • Equity in the Property
  • ​Origination Fee: 1.50% of the loan amount
  • ​No Prepayment Penalty​ (3+ Months of minimum                               interest earned)
  • ​No Appraisal Necessary

Eligible Properties for Ground Up Construction Loans 

Single Family

Single-family houses, which include condominiums, PUDs, condos, duplexes, triplexes, and quadplexes, typically have one to four units. We offer funding to real estate owners and companies seeking to buy, refinance, repair & sell, or buy to rent starting at $75,000 at Loan Funding Solutions.

Multi-Family (Max of 64 Units)

When it comes to real estate, multi-family properties refer to housing complexes that contain five or more residential units within one or more buildings within a single community. At Loan Funding Solutions, we specialize in providing loans for real estate investors interested in purchasing or refinancing multi-family properties. We offer financing options starting at $250,000 to help you secure the funding you need to make your investment goals a reality.

Mixed Use

A mixed-use development combines residential and commercial functions into a single integrated complex or structure. In the following circumstances, Loan Funding Solutions will make loans to real estate investors looking to; purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from over $250,000.

Closing Documents Required

Property

  •  Purchase Contract
  •  Plans & Permits
  • ​Sources & Use Of Funds
  • Payoff Statement (If Refinancing)
  • ​Scope of Work
  • ​Renovation Budget (If Rehab)

Personal

  •  Loan Application
  • ​General Contract Resume
  •  Last 3 Month's Bank Statements
  • ​Driver's License and/or Passport
  • ​Track Record / Experience

Business

  • Articles Of Incorporation
  •  Operating Agreement (LLC) or Bylaws (Corp.)
  •  EIN Letter

Is a Ground Up Construction Loan The Right Option?

Build your dream from the ground up with our construction loan

Pro's of Our Hard Money Loans

Quick Close in: 17 Days
Maximum of 85% LTC
Minimal Income Documentation
Low Credit Requirements
No Prepayment Penalties

What's The Process?

Complete the process in 17 Days

Stage

1

Submit Loan
Application

Stage

2

Send Documents
&
Accept LOI

Stage

3

BPO/Appraisal/Title Ordered

Stage

4

Final Legal
Review

Stage

5

Close

Copyright © 2022 Loan Funding Solutions LLC, All rights reserved.

By clicking on the "Continue" button above, I consent, acknowledge, and agree to the following:

We take your privacy seriously. You are providing express "written" consent to contact you on behalf of Funding Zone, Network partners, or an authorized third party on their behalf to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply) and/or email, even if your telephone number is currently listed on any internal, corporate, state, federal or national Do-Not-Call (DNC) list.