Construction Loans

A short term property acquisition loan with a construction budget designed for building houses from the ground-up.

What is a Construction Loan?

Unlike renovation loans or DSCR loans, a construction loan is a short term first lien mortgage with a construction budget designed for building houses from the ground-up for resale or rental. The loan can accommodate builds on clear lots or the demolition of an existing structure to build a new structure in its place. The properties can be single family, multi-family or mixed-use. These loans cover a wide spectrum of potential real estate projects, from unbuilt suburban lots to city teardowns. Our experienced team is familiar with the full range of construction projects and can help our customers with financing and construction advice as well as local area insights in many markets.

Key benefits of Construction Loans for your next project:

Increased Profit Potential

Given low housing inventory in many geographies, builders can unlock substantial profit potential in ground-up construction. Successfully executed construction projects can yield significant returns on investment (ROI). A RenoMoney loan can help you increase your ROI by decreasing your out-of-pocket cash and potentially freeing up cash for additional projects. We want to be a true partner and advisor who can help you scale your business.

Quick Closings

RenoMoney’s highly experienced, senior level team is hands-on in ensuring your loan closes on time. The people doing the work are also the decision-makers so the loans keep moving with none of the bureaucratic delays common with “institutionalized” lenders in the hard money space. We are not a bank and don’t aspire to be one.

Expert Guidance

RenoMoney prides itself on being a small company that provides senior level attention to every deal that comes in the door. Your loan won’t get lost in the shuffle because your loan is important to us no matter how big or small it is.

Custom Solutions

Our seasoned team understands the unique attributes of your deal and structures financing that makes sense for your property. Our best-in-class credit risk experience enables us to close deals even if they don’t always “fit the box”. We also quickly tell you if we can’t do the deal so we don’t waste your time.

Simple Process

RenoMoney’s team does our best to simplify the process for the borrower. We generally don’t require tax returns, proof of income, or seasoned funds. We minimize the number of forms that need to be completed. We don’t ask for the same document twice, but we will tell you if there is an issue with a submission and how it can be corrected. We provide clear instructions and are always available to help if you have questions or need support. We are a patient and reliable partner.

If you’re ready to embark on a journey of property transformation and financial growth, explore the potential of construction loans today. Partner with us to access the capital and expertise you need to scale your home building business. Your construction success story begins with the right financing solution.

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Construction Loan Programs

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Up to 90% LTC and 75% LTARV

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Rates as low as 9.5%

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Points as low as 1.5%

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Interest escrow can be built into the loan so you can focus on construction

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Close in as little as 10 business days

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