New Construction

New construction loans are short-term loans that enable the construction of a project to completion. Upon completion, the permanent loan or “end financing” will be used to pay off the interim new construction loan. The term on a construction loan is short duration of 6 months to a year. 

What We Provide

Short Term Construction Loans

New construction loans are short-term loans that enable the construction of a project to completion. Upon completion, the permanent loan or “end financing” will be used to pay off the interim new construction loan. The term on a construction loan is short duration of 6 months to a year. 

What We Offer

  •  Up to 85% of Project Cost – land & development
  • 12-24 Month Term – Interest Only
  • Up to 75% Loan to Purchase, 100% development cost not to exceed 75% ARV
  • Loans from $250k to $10M
  • Nationwide Footprint
  • Fast approvals and funding since we are not a bank

Property Types

  • Multi-Family
  • Single Family Residence
  • Town Homes

Requirements

 Borrower/Sponsor:

  • Resume / Summary of experience showing 2+ previous completed deals
  • Personal Financial Statement

Project Information

  • Project Summary
  • Exit Strategy (Sell / Rent)
  • Plans and Drawings
  • Detailed Budget
  • Hard Costs (labor, materials, etc)
  • Soft Costs (plans, permits, interest, etc)

Terms

  • 12 – 36 Months
  • Purpose:  Purchase / Refinance 

Join Us on Your Investment Journey

At Elite Lending Partners, we are committed to helping you achieve your real estate investment goals. Whether you’re a seasoned investor or just starting out, our team of experts offers tailored financing solutions with competitive rates and flexible terms. Let us be your trusted partner on the path to financial success, providing the guidance and support you need every step of the way.