GROUND UP CONSTRUCTION
Real Estate Funding Solutions will assist with your new construction financing needs to cover the cost of your entire project including the cost of the land. We guide you step-by-step throughout 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
- $10 million to $500 million
- Up to 85% LTC
- Up to 100% financing on ground up construction & value add-on projects in all 50 states
- Must have minimum of 5% in liquid assets
- Must provide plan approvals, executive summary & a 3 year work perfoma