Private money loans can be used to finance several different types of construction projects. Most commonly they are used for new construction, owner builder, sub-divisions, or commercial construction.
Private money construction loans are not based on traditional income and credit criteria, rather they are based on contractors used and project value. These loans are generally shorter terms, as once the construction has been completed the property can be sold or refinanced into a conventional loan.
Our private money construction loans typically fund within 2 weeks from date of application. Draws are fulfilled within 3-10 days from date of request.