Ground-Up Construction Loans
We Fund, You Build and Your Community Prospers
Simple and no-nonsense ground up loans
Ground Up Construction Loans
Chambliss Mortgage Capital Ground Up loans are designed for residential builders and real estate developers who are seeking a reliable short-term, interest only funding source to acquire shovel ready lots to build new 1-4 family homes. CMC's offers ground up construction loan financing that provides builders with a straightforward, common sense lending program.
Fast Financing For a Fast-Paced Market
Key Features:
- No prepayment penalty; payoff the loan at anytime
- Close 7-10 days faster than traditional lenders
- One of the quickest draw process in the industry
- An interest-only term provides lower monthly payments
- A higher LTV than hard money lenders
- Financing for purchase and allows borrowers to finance improvements (construction funds are escrowed)
Light Documentation
Our loan process allows real estate investors to avoid the intrusive document-gathering and mountains of endless paperwork typically found with other lending institutions. We do not require income verification, tax returns, months or years of bank statements, or many of the other typical requests from other lenders. We have a quick and straightforward condition list that can be completed fast – allowing our investors to focus on their properties rather than the hassle of tracking down and providing infinite documents and files.
FAQs
A Ground Up Construction Loan provides financing for builders looking to construct new residential properties. Our straightforward, common sense approach gets builders the financing they need to get a property ready for sale.
The Ground Up Construction Loan is for builders and investors who build new properties and need financing for land and new construction costs. Haus Lending provides loans with terms up to 18 months for your Ground Up projects.
The Ground Up construction program finances projects for residential real estate investment properties with loan amounts between $50,000 and $5 million.
A bridge loan is short term financing used until permanent financing is secured. These types of loans are common in real estate transactions and typically range from 6-18 months. Bridge loans are backed by some form of collateral, usually the subject property.
