For the seasoned investor with the ability to provide a history of similar projects, Harbour Group Capital offers hard money loans for new construction projects with quick access to financing real estate / developers / contractors next construction project.
Loan Terms
- Experience minimum 3 projects within the last 5 years
- Fico min 680
- Property types 1 – 4 units
- No Pre-Pay
- Loan Amount 75K – 3 Million
- Term 12 months
- 70% of Land Acquisition
- 100% of construction cost
- Max of LTFC 85% if no financed IR / 90% if financed IR
Advantages of New Construction Loans
- Competitive financing and loan terms
- Fast approvals and closings for ground-up projects
- Up to 85% of project cost
- Interest only loans
Harbour Group Capital, LLC serves as the originating entity for all loans. Loans only apply to residential, non-owner occupied properties. Rates, terms and conditions offered only to qualified borrowers, may vary upon loan product, deal structure, property state or other applicable considerations, and are subject to change at any time without notice, shall only constitute a general, non-binding expression of interest on the part of Harbour Group Captital, LLC, do not create any legally binding commitment. Closing times are in business days and commence upon receipt of appraisal payment and satisfaction of borrower conditions. Harbour Group Capital / Affiliates License ID #1804080