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DISCOVER LENDING OPTIONS
 New Construction Program 

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Description:

Land acquisition and construction (Preferred: built foundation for 30% construction completion)

A construction loan is a short-term loan that covers the costs of custom home building. After the home is built. The prospective occupant will then apply for a mortgage in order to pay for the completed home.

 

Experience Level

Some (+2 deals in last 3 years)

Borrower Type

Business Entity (LLC, Corp., etc.)

Credit Score

620

Interest Rate

9% - 10%

Points

1% - 3%

Personal Guaranty

Yes

(Purchase Financing)

LTPP 

65% - 70%

(Rehab or New Construction)

LTC

80% - 90%

(Loan % to After Rehab Value)

LTARV

70% - 80%

Interest Reserve

$0
(3 months for limited/no experienced investors)

Bankruptcy
Foreclosure/SS/DIL

48 months

Pre-Payment Penalty

No

Extension Available

Yes

Processing Fee

$1,500

Loan Size

$150K - $3M+

Loan Terms

6-24 months

Property Types:

Single & Multi-Family, Mixed-Use (50% residential), Condo & Modular

All Types Listed

Restricted Geographies

AZ, DE, ID, NV, OR, MN, UT, ND, NE, VT, SD, AK, & HI.
Some restrictions in NYC, DC, Baltimore, and Chicago.

SIMPLE PROCESS - FAST CLOSING
TRUSTED SERVICE - GREAT TERMS

CONTACT A LOAN SPECIALIST TODAY!

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EDWARD SHAMLIAN

Relationship and Sales Manager
e. edward@parkrockcapital.com
o. +1.201.785.6229 x-222

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GISELLE CINTRON

Head of Originations
e. giselle@parkrockcapital.com
o. +1.201.785.6229 x-230

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GET LOAN AND FINANCING TODAY!

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.