Description:
Land acquisition & construction A construction loan is a short-term loan that covers the costs of building ground-up construction for 1-4 residential and or 5+ multi-family. After completion, the property would be then either sold or refinanced to pay back the construction loan.
Experience Level
Some
(2+ deals in last 3 years)
Terms
Residential Bridge: 6 to 12 months
Residential Rental: 30 years
Credit Score
680 (min. FICO)
Interest Rate
6.5% to 10%
Points
No
Close Time
30 to 45 days
LTV
80%
LTC
(Rehab or New Construction)
75% to 85%
Loan Amount
$100k to $20MM
Geography
National availability
except ID, SD, ND, VT, MN, or rural areas
SIMPLE PROCESS - FAST CLOSING
TRUSTED SERVICE - GREAT TERMS
QUICK APPLY HERE!
CONTACT A LOAN SPECIALIST TODAY!
GISELLE CINTRON
Head of Originations
e. giselle@parkrockcapital.com
o. +1.201.785.6229 x-230
EDWARD SHAMLIAN
Relationship and Sales Manager
e. edward@parkrockcapital.com
o. +1.201.785.6229 x-222
Park Rock Capital is an asset-based direct lender.
We are able to assist you on your next real estate investment — quickly and competitively.
Our highly experienced team works with real estate investors throughout the U.S and lends across major U.S. metro markets.