LOAN PURPOSE | New construction projects |
INTEREST RATE[1] | Rates as low as 9.95% |
LOAN AMOUNT | $300K to $20MM |
LOAN TERM | 12 months |
BORROWER TYPE | Individual or group |
EXPERIENCE | Based on prior 36 months |
MAX LOAN-TO-VALUE (LTV)[7] | 65 to 70% |
MAX LOAN-TO-COST (LTC)[8] | 80 to 85% |
LTV VS. LTC | We use the best calculation for your project |
CONSTRUCTION FINANCING | Up to 100% |
PROPERTY TYPE |
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City, State | Akron, Ohio |
Population | 197,597 |
Map Coordinates | 41.08°N 81.52°W |
Median Home Price | $86,600 |
Housing Units Owner Occupied | 43,255 |
Housing Units Renter Occupied | 40,566 |
Hard Money Loan Volume | $136,223,371.80 |
Rental Property Loan Volume | $167,554,747.31 |
Bridge Loan Volume | $47,678,180.13 |
Fix & Flip Loan Volume | $103,529,762.57 |