Construction loans are an excellent way to finance your construction project. There are many different types of construction loans available, each with its unique features.
All loan programs are intended for business or investment purposes only unless otherwise specified.
The most common type of construction loan is the hard money loan. Hard money is private financing from investors who want to profit from their investment. A hard money loan is typically a short-term loan with more strict terms than other types of financing.
Another common type of construction loan is the bridge loan. A bridge loan provides funds between when you receive your first payment for work completed and when you receive your final payment. Bridge loans can be used for any construction project, including building homes, commercial buildings, or even apartment complexes.
3–36 months (interest-only options available)
Up to 70–85% ARV
Typically 1–4 points
Standard third-party fees apply
Typically range from 8.99% – 16.99% depending on the loan scenario
All terms vary based on borrower qualifications, property type, and market conditions
Rates, terms, and fees vary based on borrower qualifications, property type, and market conditions. Loan terms may include interest-only payments, origination fees, closing costs, and third-party fees. Business-purpose loans only.
