RJ Financial New Residential Construction for 1-4 units

Loan Amount

$75,000 - $350,000, call for larger loans

Term

8 Months + 4 month extension

Interest Rate

4.99% - 7.99%*

Points

3% first project than 2 %

Proceeds

Up to 80% LTV, 100% if land is owned free and clear

Recourse

Limited Recourse Possible

Commercial New Construction

Property types and requirements

• Spec residential – attached, detached, in-fill, high end fix & flips, multi-family or broken projects
• Commercial projects can include acquisition financing and asset repositioning
• Ground-up or construction completion and broken priority…and we can finance the acquisition, too

Realistic construction periods

• Up to 24 months, or more, depending upon the scope of the project
• Can accommodate multiple phases and sensible, market driven partial releases
• No prepayment penalties or yield maintenance

Loan Detail

• Loan Amounts: $200,000 to $12,000,000+
•Loan to Cost: Up to 85%
• Loan to Value: Flexible
• Interest Rates: Starting at 7.99%
• Prepay Penalty: None
• Loan Term: Up to 24 months
• Lien Position: 1st
•Fees: 2.5 to 3.5 points