Looking for Funding for a New Construction Project?
United Financial Services is able to provide financing to cover all of your ground-up construction needs. This program offers an 18-month term and rates starting at 8.25% to make sure your project is well-funded from start to finish.
LOAN CRITERIA
Collateral:
Non-Owner Occupied Single-Family
Properties; Condos; Townhomes
Minimum Property Value:
$100k**
**As-Completed Value
Term:
18 Months
Rates:
Starting at 8.25%
Loan Amount:
$50k* – $3M
*Funded loan amount at loan acquisition
Mininum FICO:
680
NEW CONSTRUCTION LOAN PROGRAM
ASSUMING ENTITLEMENTS, PERMITS & APPROVED PLANS
Tier 1: Completed 10+ Ground Up Construction Projects
Purchase
Refinance
INITIAL LOAN AMOUNT
Maximum
Loan-To-Value
Maximum
Loan-To-Cost
Up to 75% of
the As-Is Value
Up to 75% of
the As-Is Value
Up to 75% of
the As-Is Value
N/A
MAX LOAN AMOUNT
Maximum
ARV
Total
Loan-To-Cost
Up to 75% ARV
Up to 90% LTC
Up to 75% ARV
Up to 85% LTC
Tier 2: Completed Between 7 and 9 Ground Up Construction Projects
Purchase
Refinance
INITIAL LOAN AMOUNT
Maximum
Loan-To-Value
Maximum
Loan-To-Cost
Up to 75% of
the As-Is Value
Up to 75% of
the As-Is Value
Up to 60% of
the As-Is Value
N/A
MAX LOAN AMOUNT
Maximum
ARV
Total
Loan-To-Cost
Up to 75% ARV
Up to 85% LTC
Up to 75% ARV
Up to 85% LTC
Tier 3: Completed Between 4 and 6 Ground Up Construction Projects
Purchase
Refinance
INITIAL LOAN AMOUNT
Maximum
Loan-To-Value
Maximum
Loan-To-Cost
Up to 70% of
the As-Is Value
Up to 70% of
the As-Is Value
Up to 60% of
the As-Is Value
N/A
MAX LOAN AMOUNT
Maximum
ARV
Total
Loan-To-Cost
Up to 65% ARV
Up to 80% LTC
Up to 65% ARV
Up to 80% LTC
Tier 4: Completed Between 1 and 3 Ground Up Construction Projects
Purchase
Refinance
INITIAL LOAN AMOUNT
Maximum
Loan-To-Value
Maximum
Loan-To-Cost
Up to 70% of
the As-Is Value
Up to 70% of
the As-Is Value
Up to 60% of
the As-Is Value
N/A
MAX LOAN AMOUNT
Maximum
ARV
Total
Loan-To-Cost
Up to 65% ARV
Up to 80% LTC
Up to 65% ARV
Up to 80% LTC
At least one borrower or guarantor must have the number of qualifying pieces of experience as dictated above or equivalent experience in the past three (3) years and at least one (1) year in the business of acquiring real estate for investment purposes or renovating real estate.
Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.
SAMPLE LOANS
Clients Doing Amazing Work With Our Funding
Check Out These Successful Fix & Flip Projects.
Repeat borrower with over 10 flips is looking to take on property as a delayed purchase. Subject was acquired for $140K, appraised for $163K As-Is and ARV of $180K. Total Loan Amount 75% of ARV.
New client looking to refinance subject into the LTR program. Property has outstanding mortgage balance under $129K, and is currently leased at the market rent. Loan amount provided at 80% of the As-Is Value.
Repeat borrower taking on another fix & flip project. The property was acquired for $159,900 with rehab budget of $23,370. Loan provided at 81% of the As-Is Value.