New Construction Loans
If you’re ready to embark on a new build project, Host Financial can get you the fast and flexible financing you need to get your project done with up to 1 to 2 year interest only terms. We offer financing on residential 1 to 4 unit properties as well as multi-family units including condos, apartment complexes, commercial properties, and hotel new construction builds. We can get up to 85% of the purchase price and 100% of the vertical construction costs to get your project rent or sale ready. With no prepayment penalties you can sell or refinance as soon as possible. Timelines to close are fast – get quoted and financed in as fast as 14 days.
Rates and LTVs determined by:
- Experience
- Net-worth
- Liquidity
Asset Types
Loan Terms
- Loan Size: $100k to $3M*
- Purchase LTV: Up to 85% of Purchase Price
- Rehab LTV: Up to 100% of Renovation Costs
- Terms: 3 to 12 month Initial Term. Extension Options Available.
- Interest Rates: 7% to 11% Interest Only. Rate dependent on experience, net-worth, and liquidity.
- ARV: 65% to 75%
- Recourse: Full Recourse
- Prepay Penalties: No-Prepayment Penalties
- Time to Close: 7 to 21 Days
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Other Loan Products
