At MortgageDepot, we know that real estate investors, developers and builders are creative entities. With the right capital, they can launch their ideas into successful endeavors. We have the financing solutions needed to turn real estate visions into reality with our New Construction loan programs.
Funding Your Project With a New Construction Loan
Our New Construction loans can be used to finance various aspects of your real estate project, including:
- Land costs.
- Building materials.
- Required permits.
When you sit down with one of our experienced loan officers, we’ll discuss your project in detail and arrive at a financing solution that makes sense to your individual circumstances.
Must-Know Info About Our New Construction Loans
Whether you need funding for a small project or a massive undertaking, MortgageDepot’s New Construction loan programs offer financing options tailored to your specific needs. Here are some of the highlights:
- We offer loan amounts from $250,000 to $50 million.
- Mortgage amounts are available for up to 70% of the after-build value.
- Borrowers qualify with a loan-to-cost ratio (LTC) of up to 85%.
- Our approval process is streamlined and fast, getting you to your goals without frustrating delays.
- We offer a 12- to 24-month interest-only loan option.
- Borrowers can use their loans to fund single-family rental and townhome projects.
- Borrowers don’t pay interest on undrawn rehab funds.
The MortgageDepot Difference
When you partner with us to secure your New Construction loan, you’ll receive five-star, personalized service every step of the way. Here are a few of the benefits we offer:
- A diverse, multi-lingual workforce to enhance communication with our clients
- A modern, digital approach to mortgage approvals
- A wide variety of niche programs to ensure that every client experiences real estate success
Contact Us Today!
Are you a real estate investor, developer or builder with a major project on the horizon? Contact us today to get your project underway with one of MortgageDepot’s New Construction loans!
Connect with one of our loan consultants for more information.