New Construction Loan

TRFG Capital

Ground-Up Construction Financing For Builders And Investors…

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

Ideal for build-ready infill, tear down, and spec homes in urban locales.

Not for tract home projects or new subdivisions (10+ homes).

Mid-Construction financing options available.

Loans available for single family and multi-family properties.

12 or 18 month loans terms.

LOAN PURPOSE

• Ground-up construction loans for developers and investors building 1-5
• Properties at a time
• Lot financing can be included, if lots are in build-ready condition
• Program includes exposure limit (LOC) for experienced large volume
• Investors, with options for inexperienced investors

LOAN AMOUNT

$100K minimum
Single Unit up to $1MM / Multi-Unit (2+) up to $1.5MM

BORROWER TYPE

Individual or Entity

WHEN DO WE USE LTV VS LTC?

Generally, we use the lesser of LTV or LTC calculation

PROPERTY TYPES

Non-Owner Occupied:
• Single Family Residences (SFR)
• 2-4 unit properties
• Multi-family 5-20 unit properties
• Mixed-use
• Detached or townhouse style condos

INTEREST RATE

6.75% and up

TERM

12 months (standard), with optional extensions

MINIMUM EXPERIENCE

Minimum (1) New Construction experience for max leverage or (1) Fix & Flip experience for reduced leverage. Experience is based on a 36 month look back period

MAXIMUM LOAN-TO-VALUE (LTV)

Single Unit: up to 70% LTV / Multi-Unit (2+): up to 65% LTV

MAXIMUM LOAN-TO-COST (LTC) COST IS PURCHASE PRICE AMOUNT

Single Unit: up to 85% LTC / Multi-Unit (2+): up to 80% LTC

REHAB/CONSTRUCTION FINANCING

Funding up to 100% construction budget up to % Approved LTV of Total Cost

Our Contacts

Working Hours

TRFG Capital