New Construction Loans
The Perfect Loan For Your Shovel-Ready Project
Our Construction Loan is for the purchase or refinance of entitled lots, ready for building your project. Whether you're constructing single-family homes, condos, townhomes, or 2-4 unit properties, we've got a solution for you!
Our Get My Rate tool can get you a customized quote in just 5 minutes!
Details
Up to 18 Month Term
Loan amounts ranging from $500k-$30MM
Loan to Value up to 65%
Loan to Cost up to 90%
LOAN GUIDELINES
TERM
LTV (Loan to Value)
PURPOSE
LTC (Loan to Cost)
PROPERTY TYPE
BORROWER EXPERIENCE
12 months
LOAN SIZE
FUNDS, CLOSING & PAYMENTS
GENERAL REQUIREMENTS
BORROWER REQUIREMENTS
relative to all BC committed loans
Continue down to Documentation Requirements
DOCUMENTATION REQUIREMENTS
Getting Started
BORROWER / GUARANTOR
PROJECT
(including dimensions) and plat map (if necessary)
Getting Funded
BORROWER / GUARANTOR
– Legal Filing Documents
– Operating Agreement & Certificate of Formation (LLC)
– Articles of Incorporation & Bylaws (Corporation)
PROJECT
**Non rural markets only. | Effective Date: 5/25/2022 – Product Guidelines are subject to change at any time.