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.
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
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