Construction Loans at Capital Funding

Construction loans are challenging, even for experienced builders. They often involve strict qualification requirements, detailed project plans and budgets, and a high risk of cost overruns or delays due to the nature of construction investments.

Capital Funding's Ground Up Construction Program offers streamlined process for experienced builders and developers to fund their single-family homes projects, multi-family complexes, or mixed-use developments and offer quick closing times and flexible terms. By working together, you can focus on building your dream project, knowing your financing is secure with Capital Funding.

Types of Construction Loans

Which Loan Product works best for your investment? Take a look at our requirements and reach out if you have questions.
Ground Up Construction Program
Fix and Flip Program

Ground Up Construction Program

A “Ground Up Construction” loan program is designed to provide a streamlined financing solution to build single family, multi-family, and mixed use projects which are entitled or shovel ready. A Ground Up Construction loan is a great fit in the following situations:

  • For an experienced builder or developer who is looking to capitalize on a new project without waiting on bank financing
  • A contractor who owns entitled or shovel ready land but needs the financing to get the project started
  • A fix & flip project that has extensive rehab requiring vertical additions or significant horizontal additions to the property

At Capital Funding, our Ground Up Construction loans close very quickly… in as little as 17 days at rates starting at 10.49%! Our construction loans require very little documentation instead the underwriting is primarily based on the risk of the project itself! Our Ground Up Construction loans are a great way to acquire property to build a single family spec home or multi-family development. Our ground up construction program provides you with the ability to close quickly by using a reliable & experienced lender as your financing partner.

Fix and Flip Program

A “fix and flip” loan is a short-term bridge loan used to purchase property with the intent to sell it for a profit after the renovations are complete. A fix and flip loan is a great fit in the following situations:

  • When you need to close fast (Our average time to close is 7 – 14 days!)
  • When the property needs renovations.
  • When you need high leverage (We offer up to 90% LTC)
  • When the property is not yet stabilized, leased up, or generating any income.
  • When you can’t provide verifiable income (no tax returns available).
  • When you only want a short term loan with no prepayment penalty

At Capital Funding, our fix and flip loans close very quickly… even in as little as 7 days! Our fix and flip loans require no personal income verification and very little documentation! Our Fix and Flip loans are a great way to start leveraging your existing capital and generate more income with the ability to close & flip more projects at once!  Capital Funding Financial finances both the acquisition and the renovation costs of the project. Simply bring your initial closing costs and Capital Funding Financial will fund the rest including reimbursing you for the renovation costs as the work is completed.

Investment Criteria

Loan Size$250,000 – $50 Million
Term9, 12, 14, 18, 24 month options
Time to Close28 – 45 Days from Deposit
Asset ClassesSFR (single asset or development), Condo, Townhomes, Multifamily, Mixed Use
LTVLesser of up to 85% LTC or up to 70% of the “as stabilized” Value
Lien PositionSenior secured first mortgage or deed of trust
Interest Rate1 Month SOFR + 400 – 750 BPS
Origination Fees2.00% – 3.50% (adjusted to loan size, timing and complexity)
AmortizationInterest Only
Interest ChargedONLY on Drawn Funds
Minimum Credit Score680 (exceptions on a case by case basis)
PPP / Yield MaintenanceNo prepayment penalty
RecourseRecourse & Nonrecourse Options with “bad boy” carve outs and Completion Guaranty
“Stabilized” DCR1.25x (only applicable on Multifamily / BTR/ Mixed Use)
Minimum Net Worth & LiquidityNW > LA | Liquidity of 5% – 10% of LA

Investment Criteria

Loan Size$200,000 – $25 Million
Term9, 12, 18, or 24 month options
Time to Close21 – 28 Days from Deposit
Asset ClassesSingle Family
LTCUp to 90%
LTVUp to 75%
LT-ARVUp to 75%
Lien PositionSenior secured first mortgage or deed of trust
Interest Rate9.49% – 12.49%
Origination Fees1.50% – 3.00% (adjusted to loan size, timing, and complexity)
AmortizationInterest Only
Renovation HoldbackHoldbacks for renovations available
PPP / Yield MaintenanceNo Prepayment Penalty Options Available
Minimum Credit Score660 (with exceptions down to 620)

Required Documents

We recommend being prepared to provide the following documentation in order to process this type of loan as efficiently as possible.

Property Documents

Purchase Contract or Payoff & Current Mortgage Statement (if applicable)
ProForma Plan to Stabilize the Property with Timeline and Rent Roll (if applicable)
Construction Budget
Plans
Spec Sheet
Survey
GC Bio/Resume
GC License
Pre-Sales (if applicable)
Plat Map
Permits
Valuation (to be ordered)
Title & Insurance Contacts

Personal Documents

Loan Application
Copy of Driver’s License & Passport
Personal Financial Statement
Schedule of Real Estate Owned
Bio/Resume
Last Two Months of All Bank Statements

Business Documents

Last 2 Years of Tax Returns (if applicable)
Entity Documents – Articles of Organization + Bylaws/Operating Agreement
Organizational Chart

Required Documents

We recommend being prepared to provide the following documentation in order to process this type of loan as efficiently as possible.

Property Documents

Purchase Contract or Payoff & Current Mortgage Statement (if applicable)
Leases (if applicable)
Renovation Budget
Plans/Specs
Valuation (to be ordered)
Title & Insurance Contacts

Personal Documents

Loan Application
Copy of Driver’s License & Passport
Personal Financial Statement
Schedule of Real Estate Owned
Track Record/Bio
Last Two Months of All Bank Statements

Business Documents

Entity Documents – Articles of Organization + Bylaws/Operating Agreement

APPLY NOW

Get the fastest hard money lender on your side and let Capital Funding fund your dreams.

LET’S GET STARTED

Wondering which program best fits your investment? Speak to a loan officer to get tailored guidance on the best options for your property.
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5550 Glades Rd Ste #200,
Boca Raton, FL 33431