Our ground-up construction loan program provides experienced investors with funding for the purchase and new construction of residential investment properties.
Whether an investor is purchasing a tear-down and wants to do new construction or purchasing land for ground-up construction, this program can provide purchase and construction financing.
Ground up Construction Loan Terms*
| Interest Rate | Origination Fee | Loan Term | Extensions Available | Pre-Payment Penalty | Max Loan To Purchase | Max Loan to Construction | Max Loan to Total Project Cost | Max Loan To ARV | Minimum Credit Score | Experience |
|---|---|---|---|---|---|---|---|---|---|---|
| 10 - 12% | 1 - 3% | 12-18 Months | Yes | No | Up to 50% | Up to 100% | Up to 75% | Up to 60% | 640 | Prior RE investing experience required |
Loan Criteria
| Project Type | Property Type | Lending Areas | Loan Size | Lien Position | Borrower Entity Type | Recourse |
|---|---|---|---|---|---|---|
| Ground Up, Tear Down & Rebuild | Non-Owner occupied investment properties: 1-4 family residential, 5+ unit multi-family, and mix-use properties | NY, NJ, CT, PA, FL, TX | $150k - $2.5m | First | LLC, Corporation, Partnership, Trust | Personal guarantee |
Our commitment
Speed
We can get you a preliminary decision in just a few hours and can close loans as quickly as 10 business days.
FLEXIBILITY
We have multiple loan programs to meet your borrowing needs or we can customize loan terms for deals that make sense for you.
TRANSPARENCY
HSC has a clear and straightforward loan process so you know where your loan stands at all times.
DEPENDABILITY
We are committed to providing you reliable financing so you can count on us to be there when you need us.