Our Construction Loans provide builders and investors the financing they need for ground-up construction and land acquisition.
Key Facts about our New Construction Loans*
Program includes Line of Credit and Single Loan options
Construction loans offer funding up to 90% of construction costs with multiple draws available**
Land advances available up to 75% of land value***
Individual loan amounts $75K – $3MM
Loans available for single family and multi-family properties, including properties up to 30 units
6.99% and up
12 months, with optional 3 month extension
Individual, LLC, Corporation, LLP or LP
Maximum Loan to Cost
Cost is construction costs, not including land acquisition.
90% of construction costs
Maximum Land Acquisition Financing
75% of land value***
Purchase or Refinance
What Makes this Product Stand Out?
Product works for developers and investors alike
Option to include land acquisition financing***
Multiple draws available at borrower’s discretion**
Learn More | View PDF
*Loans are subject to investor and business credit approval, appraisal and geographic location of the property and other underwriting criteria. Loan amounts and rates may vary depending upon loan type, LTV, verification of application information and other risk based factors. Application fees, closing costs and other fees may apply.
**Inspection fees apply per inspection.
***Land must be already improved/developed for use (i.e., ready for utilities and plumbing.) All applicable building permits must be submitted; if building permits not submitted, funding limited to 60% of lower of land value or purchase price.
Questions? We are here for you.
© 2017 Finance of America Commercial LLC |
| NMLS ID # 1133465 | AZ Mortgage Banker License BK #0926974. CA Finance Lenders License #60DBO 060757. MN: This is not an offer to enter into an agreement. Any such offer may only be made in accordance with the requirements of Minn. Stat. §47.206(3), (4). 500 North Rainbow Blvd., Suite 300, Las Vegas, NV 702-448-2030 NV Mortgage Broker License No. 4136. OR Mortgage Lender #ML-5283. Finance of America Commercial LLC only makes loans for business purposes. Finance of America Commercial LLC is not currently licensed in Utah and is not licensed for certain loans in Idaho. Finance of America Commercial LLC is licensed or exempt from licensing requirements in all other states. Your specific facts and circumstances will determine whether Finance of America Commercial LLC has the authority to approve loans in your specific jurisdiction. Finance of America Commercial LLC operates out of several locations, but not all locations conduct business in all jurisdictions.