Ground Up Construction Loans

For non owner occupied real estate investments

Express Capital Financing offers competitive financing for acquisition, development and construction loans for builders and developers.

WHAT WE OFFER:

Up to 85% of Project Cost – land & development
12-24 Month Term – Interest Only
Up to 75% Loan to Purchase, 100% development cost not to exceed 75% ARV
Loans from $100K to $3M
Nationwide Footprint
Negotiable release prices on multi-asset projects
Fast approvals and funding since we are not a bank
Minimum Experience – 2 + deals completed

PROPERTY TYPES

Properties We Finance:

Multi Family

SFR

Town homes

PROGRAM REQUIREMENTS:

Borrower/Sponsor

Resume / Summary of experience
Personal Financial Statement

Project Info: New Construction / Condo Conversion

Project Summary
Exit Strategy (Sell / Rent)
Plans and Drawings
Detailed Budget
- Hard Costs (labor, materials, etc)
- Soft Costs (plans, permits, interest, etc)
Project Estimated P&L (if to be sold)
- Is the deal gross margin at least 20%?
Proposed Timeline (Permit Phase, Construction Phase, Marketing Phase, Sellout Phase)
Construction company / GC Bio
Borrower Provided Comps

Rates & Terms

Residential Ground Up Construction (Purchase and Refinance):

View Rates & Terms

Guildelines	Criteria
Minimum Loan	$100,000
Maximum Loan	$10,000,000
Maximum LTV	75% of purchase price 100% of rehab 70% of ARV
Purpose	Purchase Refinance
Lien Position	1st only
Timing (estimated)	Term Sheet: 24-48 hours Closing: 2 weeks
Terms	12-36 months
Location	Nationwide
Interest Rates	Starting at 7.99+
Rehab Holdback	Only incurs interest as the monies are drawn upon
Origination Fees	2+ points
Amortization	Interest only
Recourse	Recourse
Entity	Entity
Property Types	Single Family 2-4 Units, up to 100 units now available

READY TO GET STARTED?

Get preliminary approval within 24 hours.

Simply complete the form using the link below, or call us at 718-285-0806:

Fix & Flip Online Application

TAKE THE NEXT STEP

OR fill out and return the following paper application:

Fix & Flip Paper Application

TRY OUR FIX & FLIP CALCULATOR

In order to assist house flippers, we have provided a free calculator to help put finances into perspective, so you know how much financing you will need to make your next fix and flip project a huge success.

Try Our Deal Calculator

Express Capital Financing is proud to offer all of our services internally:

Closings
Underwriting
Inspections
Draws
Construction Management