New Construction Loans

About New Construction Lending

Investors are turning to New Construction because it’s hard to find good deals right now. Many people think that New Construction is the best type of real estate investing because you can make a big impact on the home and the community. We can help you get started with your next project if you work with Fast REI Loans.

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New Construction Loan Details

Interest Rate:

Rates Starting at 7.99%

Max Loan to Cost and Loan to ARV:

Up to 90% LTC and 70% ARLTV

Experience Requirements:

Strong Credit, Liquidity, and Experience

Loan Term:

12-18 Month Term Available

Property Type:

Single Family and 2-4 Unit Multi-family

How Interest is Charged:

Interest Charged As Drawn

Build Type:

Stick or Modular Build

Project Description:

Land Development or Knockdown Deconstruction

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Frequently Asked Questions

What is a New Construction Loan?

This loan helps people buy an existing property and build a new one. It works in different areas and helps with investing. To get this loan, you need to have experience in building or renovating. The properties can be different types, like homes or businesses. The loan lasts for a year, but can be extended.

What type of investment strategy can be utilized with this product?

Building a new property can help investors make a good profit, just like fixing up and selling a property. After construction is done, investors can choose to sell the property or refinance using the BRRRR Method. The decision on whether to sell or refinance will depend on how long the property took to build, how much money it generates each month, and whether the area it’s in is growing. It’s a good idea to have a clear plan for what you want to achieve before you start investing, but if your plans change, we at AFC will always offer our best advice to help you succeed.

Why choose New Construction?

1. If you buy a home to flip it, it might seem simple at first, but as you start working on it, you may realize it’s a bigger project than you thought. When building a new home, you have more control and don’t have to worry about unexpected surprises.

2. If you’re planning to rent out a property, maintenance can be expensive and affect your profit in the long run. New construction properties are less likely to need repairs or replacements for key elements like the foundation, roof, flooring, and hot water heater, which means you’ll spend less money and make more profit.

3. When there’s high demand for real estate, it can be hard to find good properties to invest in. This program lets you explore more options, including empty plots of land and homes that need to be demolished.

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