Hard money loan for construction
Hard Money Loans For New Construction
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New construction loans for experienced investors.

For experienced investors and contractors, ABL’s hard money loans for new construction offer quick access to leverage and underwriting flexibility not available from conventional financing.

While all deals are unique, ABL typically lends up to 60% of the land value and 100% of the construction costs.  Plus, for construction escrows over $100k, the borrower only pays interest on funds as they’re drawn.

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Hard money loans for new construction

Experience  Credit Score Minimum Interest Rate Points Advance Rate On Purchase Advance Rate On Construction ARV Property Types Pre-Pay Penalty Extensions  Blanket Loans Loan Size Loan Terms
High None 10%-12% 2-3 60% Land Value 100% 60% Single Family, Multi Family, Mixed Use No Available Yes $250K to $2M 12 Mo.

 

Closing Speed Closing Speed
A delay in securing funding could mean missing out on an incredible investment opportunity. We’ve closed loans in 48 hours, and average just 10 days.

 
Underwriting Flexibility Underwriting Flexibility
Flexible underwriting criteria allows investors in new construction to secure funding not available to them through other institutions. ABL has no minimum credit score requirements.

 
Competitive Rates Competitive Rates
New construction investments for experienced contractors and borrowers are funded at interest rates of 10%-12% and 2-3 points. Loan amounts range from $250,000 to $2,000,000.

 

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