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NEW CONSTRUCTION LOANS

GROUND UP NEW CONSTRUCTION

$100,000 - $650,000

SINGLE FAMILY, 1-4 UNITS

  • Funding for Land Acquisition  
     

Up to 50% of land value or purchase price (whichever is lower) for unpermitted projects

  • Application must be accompanied by preliminary plans, sketches and/or renderings

  • Must provide an attorney letter of opinion stating project can be built "by right" or stamped architect letter stating project complies with current zoning and does not require variance

Up to 65% of land value or purchase price (whichever is lower) for permitted projects

  • Application must contain full architectural plans and approved permits

  • Funding for Construction: Up to 100% of construction costs (hard costs)

  • Loan amount cannot exceed 75% of costs or 65% of as complete value

  • Appraisals required:  Both As-is (land and/or existing house) and As Complete.

  • Experience: Minimum of 3 completed ground-up projects 

  • Maximum As Completed Value: $1,000,000

  • Term: Up to 18 months

Since 2007 RevitaLending has been providing funding for  fix-and-flip projects, rental properties, multi-family buildings, ground up construction, and joint ventures.

RevitaLending

4619 41st Street NW | 2nd Floor

Washington DC 20016

(202) 570-7050

info@revitalending.com

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