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LAND ACQUISITION AND NEW CONSTRUCTION PROGRAM

Single-Family (1-4 Units)

LAND ACQUISITION AND NEW CONSTRUCTION PROGRAM

Single-Family (1-4 Units)

Priority Realty Lending offers construction loans for non-owner-occupied, single-family properties, condos, and townhomes.

These loans are specifically tailored to finance the construction or renovation of investment properties, providing investors with the necessary capital to complete their projects.

At Priority Realty Lending, our construction loan rates start at 11.29%. Our land and construction loans are typically used to finance both the purchase of the land and the construction of a new property. Reach out to one of our loan analysts to get the most up-to-date information on our loan programs, rates, and requirements. They will guide you through the application process and support you every step of the way.

Priority Realty Lending offers construction loans for non-owner-occupied, single-family properties, condos, and townhomes.

These loans are specifically tailored to finance the construction or renovation of investment properties, providing investors with the necessary capital to complete their projects.

At Priority Realty Lending, our construction loan rates start at 11.29%. Our land and construction loans are typically used to finance both the purchase of the land and the construction of a new property. Reach out to one of our loan analysts to get the most up-to-date information on our loan programs, rates, and requirements. They will guide you through the application process and support you every step of the way.

CONSTRUCTION LOAN GUIDELINES

LOAN CRITERIA

INTEREST RATE: Starts As Low As 7.5%

Collateral: Non-Owner Occupied Single Family Properties, Condos, & Townhomes

NO EXPERIENCE REQUIRED

AS YOU GROW, WE CUSTOMIZE YOUR

COGO EXPERIENCE

Loan Amount: Up To 2 Million (up to 75% LTV)

Min. FICO Score: 660

Credit Score: 650 Minimum

Min. FICO Score: 660

Max. Allowed Loan Amount: As is – up to 75%

ARV: up to 85%

Leverage Based on Experience: Documented experience in the past three years

CONSTRUCTION LOAN GUIDELINES

LOAN CRITERIA

Collateral: Non-Owner Occupied Single Family Properties, Condos, & Townhomes

Rates: Starting at 11.29%

Term: 12 Months to 24 Months

Loan Amount: $100K* – $3M (*Based on Loan Amount)

Minimum Property Value: $150K** (**As-Completed Value)

Credit Score: 650 Minimum

Max. Allowed Loan Amount: As is – up to 75%

ARV: up to 85%

Leverage Based on Experience: Documented experience in the past three years

START LOAN APPLICATION PROCESS

Not available where prohibited by law, or in states where Priority Realty Lending does not trade. Loans are available only on non-owner occupied real property. This is not a commitment to lend. All offers of credit are subject to approval. Restrictions may apply. Priority Realty Lending reserves the right to amend rates and guidelines.

The above statements are not and shall not, under any circumstances, be construed as a commitment on the part of Priority Realty Lending to provide any financing. PRIORITY REALTY LENDING SHALL BE UNDER NO OBLIGATION TO FUND ANY LOAN TO ANY BORROWER UNLESS AND UNTIL IT IS SATISFIED, IN ITS SOLE AND ABSOLUTE DISCRETION, WITH ITS DUE DILIGENCE REVIEW AND FORMAL LOAN DOCUMENTS PREPARED BY ITS COUNSEL.

START LOAN APPLICATION PROCESS

Not available where prohibited by law, or in states where Priority Realty Lending does not trade. Loans are available only on non-owner occupied real property. This is not a commitment to lend. All offers of credit are subject to approval. Restrictions may apply. Priority Realty Lending reserves the right to amend rates and guidelines.

The above statements are not and shall not, under any circumstances, be construed as a commitment on the part of Priority Realty Lending to provide any financing. PRIORITY REALTY LENDING SHALL BE UNDER NO OBLIGATION TO FUND ANY LOAN TO ANY BORROWER UNLESS AND UNTIL IT IS SATISFIED, IN ITS SOLE AND ABSOLUTE DISCRETION, WITH ITS DUE DILIGENCE REVIEW AND FORMAL LOAN DOCUMENTS PREPARED BY ITS COUNSEL.