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At Prospera Real Estate Loans, we offer Ground-Up Construction Loans specifically designed for real estate investors looking to build profitable investment properties from the ground up.
Whether you’re developing residential, multi-family, or commercial properties, our custom loan programs provide the capital you need to get your project off the ground—and see it through to completion.
Our Ground-Up Construction Loans come with competitive interest rates starting at 9.5%, with loan terms tailored to the duration of your project, typically ranging from 12 to 18 months, depending on your specific needs and the scope of construction.
We offer financing of up to 75% of the lower of the land’s appraised value or purchase price, or 60% if the property is unpermitted, along with 100% coverage for construction costs.
Additionally, we can provide up to 90% of the total project costs, ensuring you have the resources needed for the entire build.
Once the necessary plans and permits are approved after closing, our LTC Catch-Up Draw allows for an adjustment, raising the initial advance to 75% of the total project cost. This provides the flexibility to keep your project moving forward without delays.
Loan amounts range from $50,000 to $5 million, accommodating projects of all sizes—whether you’re developing a single or multi-unit residential property. Our flexible rates and terms are designed to empower you to achieve your real estate development goals with confidence.
We finance a broad spectrum of property types for Ground-Up Construction projects, including single-family homes, multi-family properties (1-4 units), townhomes, and condominiums. Whether you’re working with distressed properties, renovation-ready homes, or properties with potential for major improvements, our loans are flexible and tailored to suit your needs.
Why Choose Prospera for Your Ground-Up Construction Financing?
High-Leverage Financing: We provide up to 90% Loan-to-Cost (LTC) for land acquisition and 100% financing for construction costs, ensuring you have the capital to complete your project without needing to invest heavily upfront.
Customizable Loan Terms: With flexible loan terms, we tailor financing to suit the duration and needs of your specific project, from small-scale developments to large commercial builds.
Competitive & Transparent Rates: Benefit from competitive rates starting as low as 8.5%, with no hidden fees, allowing you to better budget and plan for your project’s success.
Nationwide Reach: Whether you’re building in California, Florida, or anywhere in between, we serve investors across the U.S., providing fast and reliable funding no matter where your construction project is located.
Expert Guidance & Support: Our team of experienced professionals works with you every step of the way, offering hands-on guidance to navigate the complexities of your build, ensuring the project stays on track and within budget.
With Prospera Real Estate Loans, you get more than just financing—you get a trusted partner dedicated to seeing your ground-up construction project succeed. Let’s build the future together!
info@prosperaloans.com
1-888-908-8556
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