Dependable New Construction Loans
BD Capital’s New Construction loan product is a reliable financing solution. Our respected clients routinely find our transparent process and speed to close as reasons why we are their preferred private lender.
New Construction - Program Details
- Land Acquisition & Construction of 1 - 5 Family Residential Properties
- Includes Single Family, Multi-Family, Condos and Townhomes
| Experience Level | Credit Score | Interest Rate | Points | Reimbursement Rate on Construction Costs | Loan % to Cost | Loan % to After Rehab Value | Loan % to Current Value | Pre-Payment Penalty | Cross Collateral / Blanket Loans | Loan Size | Loan Terms | Extension Available |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Medium | 650 | Contact Us | 2% | 100% | Contact Us | Contact Us | Contact Us | No | Yes | $100k - $2.5M | 12 Months | Yes |
| Experience | Credit Score Minimum | Interest Rate | Points | Advance Rate On Purchase | Advance Rate On Rehab | ARV | Property Types | Pre-Pay Penalty | Extensions | Blanket Loans | Loan Size | Loan Terms |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Any | 660 | 10%-12% | 0 - 2% | Up to 80% | 100% | Up to 70% | Single Family, Multi Family, Mixed Use | No | Available | Yes | $75K - $2.5M | 12 Months |
Local Lending
Local lending experts take an advisor-first approach that creates lasting relationships with our borrowers – 85% repeat business.
Reliability & Speed
As a direct lender, credit decisions are made internally, and the closing process is rapid with no red tape. Construction draws are processed quickly while the flow of funds is swift.
All Product Types
A full suite of lending products meets each unique borrower’s needs including loans for rentals, short-term bridge, fix & flips, new construction, and residential development.
In-House Team
Business Development, Closing Coordination, Servicing, Construction, and Underwriting are each professionally executed by an internal team ensuring a positive customer experience.
