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:
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.
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:
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.
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
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
Last 2 Years of Tax Returns (if applicable)
Entity Documents – Articles of Organization + Bylaws/Operating Agreement
Organizational Chart
Purchase Contract or Payoff & Current Mortgage Statement (if applicable)
Leases (if applicable)
Renovation Budget
Plans/Specs
Valuation (to be ordered)
Title & Insurance Contacts
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
Entity Documents – Articles of Organization + Bylaws/Operating Agreement
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