GROUND UP CONSTRUCTION
Real Estate Funding Solutions will assist with your funding to cover the cost for the entire project including the cost of the land, whether it’s is free & clear or not. We offer a step by step guidance to walk you through the entire loan process from start to finish.
1. What is A ground up construction loan?
A ground up construction loan is usually an acquisition of raw or developed land for the purpose of building a new commercial or residential real estate.
2. How does A ground up construction loan process work?
Ground up construction loans start with obtaining permits and zoning plans for the land. As the paperwork for the process need to follow the township’s laws and regulations, you can start the development process by constructing the foundation. Most loans will require a recent survey completed by a licensed surveyor. Shovel ready land is approved by the construction and zoning department with all proper permits.
Benefits:
- Residential and Commercial
- Up to 20 units with no approvals
- 100% construction loans on free and clear lands
- Up to 85% LTC
- Financing up to 50% land value
- No tax returns required
- Rates as low as 6.99% for experienced developers
- NO SEASONING IS REQUIRED!