New Construction
Short term construction loans to cover all of your ground up construction needs. We offer reliable funding and flexible underwriting to builders and developers of all experience levels regardless of the size or complexity of the project. Whether it's an infill project or a spec home, PROPTERO makes sure your project is well funded from start to finish.
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Trusted Partners
New Construction Loans
Program Highlights
7.5%
Low rates starting
at 7.5%
at 7.5%
75%
Up to 75% LTV
90%
Up to 90% LTC
Loan Criteria
Loan Amount
$100,000 to $10,000,000
LTC
Up to 90% LTC
LTV
Up to 75% LTV
Construction
Up to 100% of construction costs
Loan Term
12-24 months
Extensions
Yes
Prepayment Penalty
No
Purpose of Loan
Ground Up, Spec, Infill
Occupancy
Non-owner occupied, business purpose
Property Type
SFR, Townhomes, Condos, 2-4 Units
Fico
No Minimum Fico
Amortization
Interest only
Interest Rates
Starting at 7.5%
Proptero Advantages
Just some of the ways we make it easy!
High Leverage
No Pre-Payment Penalties
No Tax Returns
No Application Fees
Foreign Nationals OK
No Experience Required
No Minimum Fico
All Property Types
Flexible Terms
No DSCR Requirements
Cross Collateralization OK
72 Hours - RUSH FUNDING