New Construction Loans

Financing for new construction projects on a short-term basis.

Are you looking for funding to start a new construction project?

United Financial Services can help you with all of your ground-up construction finance needs. This program, which has an 18-month duration and rates starting at 7.99% , ensures that your project is well-funded from beginning to end.

LOAN CRITERIA

Collateral:
Non-Owner Occupied Single-Family
Properties; Condos; Townhomes

Minimum Property Value:
$150k**
**As-Completed Value

Term:
12 - 24 Months

Rates:
Starting at 7.99%

Loan Amount:
$100k* – $3M
*Based on Max Loan Amount

Mininum FICO:
680

NEW CONSTRUCTION LOAN PROGRAM ASSUMING ENTITLEMENTS, PERMITS & APPROVED PLANS

Tier 1: Completed 10+ Ground Up Construction Projects
INITIAL LOAN AMOUNT

Maximum Loan-To-Value

Maximum Loan-To-Cost

Purchase

Up to 75% of the As-Is Value

Up to 75% of the As-Is Value

Refinance

Up to 75% of the As-Is Value

N/A

MAX LOAN AMOUNT

Maximum ARV

Total Loan-To-Cost

Purchase

Up to 75% ARV

Up to 90% LTC

Refinance

Up to 75% ARV

Up to 85% LTC

Tier 2: Completed Between 7 and 9 Ground Up Construction Projects
INITIAL LOAN AMOUNT

Maximum
Loan-To-Value

Maximum
Loan-To-Cost

Purchase

Up to 75% of the As-Is Value

Up to 75% of the As-Is Value

Refinance

Up to 60% of the As-Is Value

N/A

MAX LOAN AMOUNT

Maximum
ARV

Total Loan-To-Cost

Purchase

Up to 75% ARV

Up to 85% LTC

Refinance

Up to 75% ARV

Up to 85% LTC

Tier 3: Completed Between 4 and 6 Ground Up Construction Projects
INITIAL LOAN AMOUNT

Maximum
Loan-To-Value

Maximum
Loan-To-Cost

Purchase

Up to 70% of the As-Is Value

Up to 70% of the As-Is Value

Refinance

Up to 60% of the As-Is Value

N/A

MAX LOAN AMOUNT

Maximum
ARV

Total Loan-To-Cost

Purchase

Up to 65% ARV

Up to 80% LTC

Refinance

Up to 65% ARV

Up to 80% LTC

Tier 4: Completed Between 1 and 3 Ground Up Construction Projects
INITIAL LOAN AMOUNT

Maximum
Loan-To-Value

Maximum
Loan-To-Cost

Purchase

Up to 70% of the As-Is Value

Up to 70% of the As-Is Value

Refinance

Up to 60% of the As-Is Value

N/A

MAX LOAN AMOUNT

Maximum
ARV

Total Loan-To-Cost

Purchase

Up to 65% ARV

Up to 80% LTC

Refinance

Up to 65% ARV

Up to 80% LTC

At least one borrower or guarantor must have the above-mentioned number of qualifying pieces of experience or equivalent experience in the last three (3) years, as well as at least one (1) year in the business of acquiring or remodeling real estate for investment purposes.

Loan types, verification of application information, and other risk-based variables may influence final loan terms.

Are you prepared to submit your deal?

Short-Term & Long-Term Financing for Real Estate Investments