GROUND UP CONSTRUCTION
Real Estate Funding Solutions will assist with your Ground up & New Construction Financing needs by covering the cost of the entire project. We will guide you step-by-step throughout the entire project as well as the loan process from start to finish to ensure a successful transaction.
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 & Commercial
- $10 million to $500 million
- Shovel-ready Lands
- Up to 100% financing on ground up construction & value add-on projects in 50 states
- Must have minimum of 5% in liquid assets
- Must provide approved plans, executive summary & a 5 year perfoma