NEW CONSTRUCTION/REMODEL

Building your property shouldn’t be a struggle

Going back and forth with an application process for a loan is annoying. It prevents you from taking action in your property plans. With our new construction loan program, we make the whole process easier for you.

We have a wide coverage

At Hard Money Lenders IO we can fund up to 60% of the land value and cover 100% of the construction budget.
Not all hard money lenders offer financing for new constructions due to the high-risk level. That’s why we review every detail of the deal to provide you with the best solution for your needs.

We work along with you to have an action plan so we can

Close the deal fast
Have clear terms to work with
Avoid delays and meet deadlines
Reduce as much project expenses as possible

Our process is straightforward

You complete the loan application
We’ll review it and order an appraisal
You provide the documentation and construction plan
We issue a document with the loan details and terms
The loan is closed by an attorney

Note: Due to the many activities and responsibilities this process requires, having experience as a real estate investor is vital for this type of loan.

Transparent and flexible underwriting

We stand for clarity and simplicity in all our transactions. There are no hidden fees/terms in the process.

We know the best areas to invest in a property

Since we’re based in Florida, an advantage you have with us is that we can provide advice on the best local areas where you can build your new property. We work hand in hand with you to make sure you get the most out of your investment decision.

We’re aware that a real estate investment is a big deal and requires effort. For this reason, based on our experience we’ll walk you through the process giving you the best recommendations, so you can achieve your goals.

Overview of our
New Construction/Remodel loan program

Experience Level

Any

Credit Score

600

Interest Rate

9% - 12%*

Points

0% - 2%

Eligible For a 0 Point Option?

Yes

Advance Rate on Rehab or New Construction

10%

Advance Rate on Current Value

10%

Loan % to After Rehab Value

75%

Single Family, Multi-Family, Mixed-Use

Property Types

Payment Penalty

Extension Available

Yes

Cross Collateral/ Blanket Loans

Yes

Loan Size

$100k - $5M

Loan Terms

3 Months - 3 Years