Real estate investors, developers and builders in need of financing for a ground-up project will find it at MortgageDepot. As a leading mortgage broker company with access to financing programs offered by lenders throughout the country, our new-construction loans provide investors with the capital and flexibility to fund projects of all sizes.
MortgageDepot offers competitive terms and rates
Success for investors, developers and builders frequently depends upon the ability to move forward with a ground-up project when market conditions and the demand for housing dictate. Finding the capital to cover construction costs can be a challenge, but MortgageDepot has the solution with our new-construction loans.
We offer loans ranging from a minimum of $500,000 up to a maximum of $5 million. Other features of our new-construction loans include the following:
- Loans available for 12- to 24-month terms with payments of interest only.
- Loans may be used for speculation development projects.
- Terms of financing allow redevelopment, conversion and condominium loans.
- Multiple-asset projects have negotiable release prices allowing sale of individual units.
Properties eligible for financing with our new-construction loans include detached single-family homes, condominiums, townhouses and multifamily projects.
We offer flexibility and quick approvals
Our loan officers work with borrowers to facilitate the application and approval process in order to ensure a quick funding of the loan. We also make every effort to tailor the loan to suit the specific needs of each borrower. For example, our new-construction loans an interest reserve feature for borrowers who prefer to avoid using their own funds to make a monthly interest payment during construction. The interest on the loan may be financed through an interest reserve feature.
Contact us today
Whether in need of financing for single-family homes or multifamily projects, borrowers have come to rely upon the loan officers at MortgageDepot for new-construction loans with flexible terms tailored to each borrower. Our loan officers have access to loan programs offering competitive financing with terms to match the requirements of each project.
Learn more by contacting us today at (800) 220-LOAN.
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