Hard Money Loans for New Construction

Hard Money Loans for New Construction by Manhattan Bridge Capital

 Sold by Manhattan Bridge Capital


Loans for new construction of one to three family homes

Experience NA
Credit Score Minimum NA
Interest Rate NA
Points NA
Advance Rate On Purchase NA
Advance Rate On Rehab NA
ARV 65%
Property Types Single Family, Multi Family, Mixed Use
Pre-Pay Penalty  NA
Extensions   NA
Blanket Loans  NA
Loan Size $100K – $2M
Loan Terms 12 Mo., Borrowers are required to pay interest only on a monthly basis and the principal at maturity. We insist on a first mortgage position and personal guarantees from the principals of the borrower. We request, as added collateral, the equity position of the borrower’s principals in the borrower.

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