Hard Money Loans for New Construction — Fast Ground-Up Financing from $250K to $2M
Paperfree connects builders and developers with direct hard money lenders for new construction — 10%–12% rates, 60% ARV, 100% rehab advance, 12-month terms, and closings in days not months. Single family, multifamily, and mixed-use nationwide.
Hard Money Loans For New Construction
Building from the ground up requires financing that keeps pace with your project — not a bank timeline that slows you down. A hard money loan for new construction funds your build based on the property and your plan, not months of income paperwork.
Financing Through Asset Based Lending LLC
We work with Asset Based Lending LLC to get new construction projects funded fast. As one of the more established hard money lenders for new construction loans, they offer flexible terms built specifically for builders and developers — no minimum credit score required, high leverage on both purchase and rehab costs, and blanket loans available for multi-property projects.
Terms at a Glance
- Loan Size: $250,000 – $2,000,000
- Loan Term: 12 months
- Interest Rate: 10%-12%
- Points: 2-3
- Advance Rate on Purchase: 60% of land value
- Advance Rate on Rehab: 100%
- ARV: 60%
- Property Types: Single Family, Multi Family, Mixed Use
- Pre-Pay Penalty: None
- Extensions: Available
- Blanket Loans: Available
Get Started
Ready to break ground? Contact us to discuss your project and see what terms you qualify for.
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