Construction – Ground Up

GROUND-UP CONSTRUCTION FUNDING

You were invited to our website to get approved for our Ground Up Construction Program. PhoneOps Ground Up Construction Program is designed for:

 

1-4 Units

5+ Units

Mix-Use

Hotels / Motels

Retail / Office Buildings

And more…

If you fall into one of the above, then our program is great for you. PhoneOps Ground Up Construction Program is a nationwide program.

 

PHONEOPS GROUND UP CONSTRUCTION PROGRAM

 IS A NATIONWIDE PROGRAM!

 

Guidelines: 

This program has standard guidelines. View below:

 

Loan Amounts:

$50K to $50M+

Term:

12mos to 18mos

Minimum FICO:

620 & up

Rate:

10% to 15%

ARV:

70%

LTC:

85% of Total Project Costs

Experience:

3+ Ground up projects

within 3yrs

1-10 Unit LTV:

Up to 90% Purchase

100% Rehab

Commercial LTV:

Up to 100% Purchase

100% Rehab

Property Type:

Investment Properties

Commercial Properties

Occupancy:

OO – 2+ Units

NOO – 1+ Units

Funding:

As soon as 10 days

100% Financing: 

To be eligible for 100% financing, must meet the following Guidelines:

* FICO 660+
* Strong credit history
* Must be 51% or more Owner Occupied
* DSCR: 1.15x
* 2yrs in business
* $500k – $18M loan amount
* Interest rate: 7% – 9%
* Closing time frame: 3mos to 4mos

Minimum Requirements:

Must be able to show proof of income

Application Fee $295 WAIVED

A Tri-Merge Credit Report fee of $57

A valid Driver’s License or State ID

Must have a Checking Account

A Social Security number

Ground Up Construction Loan – Online Application