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Ground-Up Construction

Construction Loans

(“If you build it they will come”)

Ground-up construction loans are needed by the borrower to build on vacant land which is owned and suitable for buildings such as Single-Family, multi-family units. It is in effect, a “Residential Loan”. 

Flexible terms are often provided for a large number of commercial construction projects including the following property types:

  • Retail shopping centers
  • Mixed-use projects
  • Office buildings
  • Hotels
  • Franchises & national chain restaurant buildings
  • Warehouses
  • Medical office buildings

RB Solutions obtains funding for several kinds of construction financing:

Land Development Loan

Land development financing is suitable for several types of properties including stalled sub-divisions and bank owned properties.

Interim Construction Loan 

This is a construction loan and term closed simultaneously. This financing pays for the labor and materials used during construction. This loan converts to permanent financing once construction is completed.

Takeout Loan

This loan can provide financing on a project in which a temporary loan already exists.

Contact an RB Solutions strategist in order to determine what type of loan is most advantageous for you.

Click here to experience RB Solutions’ financial transformation framework

What can we do for your business?

  • Quick Closing in as little as 17 Days
  • Low Rates Starting at 7.99%
  • Interest-only payments
  • Minimal Income Documentation
  • No Occupancy Requirement
  • Qualify Based on the Property LTV, Liquidity, & Experience

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Our traditional real estate funding programs

Any doubt in finding affordable funding?

A “Ground Up Construction” loan program is designed to provide a streamlined financing solution to build single family, multi-family, and mixed use projects which are entitled or shovel ready. A Ground Up Construction loan is a great fit in the following situations:

 

For an experienced builder or developer who is looking to capitalize on a new project without waiting on bank financing

A contractor who owns entitled or shovel ready land but needs the financing to get the project started

A fix & flip project that has extensive rehab requiring vertical additions or significant horizontal additions to the property

At RB Solutions, our Ground Up Construction loans close very quickly… in as little as 17 days at rates starting at 7.99%!! Our construction loans require very little documentation instead the underwriting is primarily based on the risk of the project itself! Our Ground Up Construction loans are a great way to acquire property to build a single family spec home or multi-family development. Our ground up construction program provides you with the ability to close quickly by using a reliable & experienced lender as your financing partner.

 

Pro’s About Ground-Up Loans:

Quick Closing in as little as 17 Days

Low Rates Starting at 7.99%

Interest-only payments

Minimal Income Documentation

No Occupancy Requirement

Qualify Based on the Property LTV, Liquidity, & Experience

 

What Do I Need To Qualify?

Simple… Experience & Equity in the property!

Origination Fee: 1.50% + of the loan amount

Prepayment Penalties: None! (3+ months of minimum interest earned)

 

Eligible Properties for Ground-Up Construction Loans

Single Family

Single Family is classified as one to four-unit residential use dwellings including condominium, P.U.D., townhomes, duplex’s, triplex’s, and quadplex’s. At RB Solutions, we will lend to real estate investors and entities looking to purchase, refinance, fix & flip, or buy to rent from $250,000+.

 

Multi Family

Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At RB Solutions, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts

 

Mixed Use

Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At RB Solutions, we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.