Hard Money Construction Loans Program
Create value by building on vacant land or tearing down an existing structure with our hard money construction lenders.
Harness Market Opportunities with New Construction Loans
- Shifting markets create opportunity & New Construction. Considered as the “pinnacle of real estate investing”, New Construction offers the opportunity to leave a lasting imprint on the community that you are investing in.
- A commercial construction loan is essential for developers aiming to break ground on new projects, offering the upfront capital needed to cover land acquisition, permitting, and construction costs.
- This type of loan facilitates the realization of visionary projects, enabling the transformation of ideas into tangible assets that can generate significant returns upon completion.
- Private money construction loans allow developers to leverage financial resources efficiently, spreading the cost of construction over time and minimizing initial out-of-pocket expenses, thus maximizing investment potential and operational cash flow.
Key Benefits of Hard Money Construction Loans
Efficient Financial Leverage: Spread the cost of construction over time, reducing initial out-of-pocket expenses and enhancing your cash flow.
Transform Ideas into Tangible Assets: Facilitate the development of new projects that can generate substantial returns upon completion.
Comprehensive Coverage: Our loans support a wide range of projects, from deep urban developments to suburban expansions.
Need funding for your construction project? Get Pre-Approved quickly with Capital Max.
Why Choose Capital Max for Your New Construction Financing?
Expertise in Hard Money Lending: Our experienced team specializes in hard money construction financing, ensuring you get the best terms for your projects.
Customized Loan Solutions: We tailor our hard money construction loans to meet the unique needs of each project, providing flexible and efficient financing options.
Support Throughout the Process: From initial consultation to final disbursement, our team supports you every step of the way, ensuring your project’s success.
Secure the financing you need for your new construction. Apply Now and start building.
Three-Step Process For Hard Money Construction Loans
At Capital Max, we streamline the process of securing hard money for new
construction with a straightforward and efficient three-step approach.
Initial Consultation
Begin with an in-depth consultation where we review your project details, assess eligibility, and gather the necessary documentation to support your application.
Loan Structuring
Receive a customized loan proposal tailored to your project, undergo a thorough evaluation, and upon approval, finalize the loan terms and agreement.
Approval
Funds are disbursed according to the draw schedule linked to project milestones, with continuous support throughout the construction phase.
Have questions about hard money construction loans? Contact Us for personalized guidance.
New Construction Loan
- Shifting markets create opportunity & New Construction. Considered as the “pinnacle of real estate investing”, New Construction offers the opportunity to leave a lasting imprint on the community that you are investing in.
- A commercial construction loan is essential for developers aiming to break ground on new projects, offering the upfront capital needed to cover land acquisition, permitting, and construction costs.
- This type of loan facilitates the realization of visionary projects, enabling the transformation of ideas into tangible assets that can generate significant returns upon completion.
- It allows developers to leverage financial resources efficiently, spreading the cost of construction over time and minimizing initial out-of-pocket expenses, thus maximizing investment potential and operational cash flow.
Frequently Asked Questions
This loan provides investors with the resources necessary to acquire an existing property and funds to build an entirely new structure. This product can be utilized in a wide range of areas from deep urban to suburban, and provide a new way to approach your next successful investment. This loan typically requires previous new construction experience, and a recent history of completed projects.
Capital Max™ has a Capital Raising program in place to assist with specific projects and deals. Inquiry directly for more information.
Prospective borrowers frequently ask about the draw schedule, which refers to the manner and timing of loan fund releases. These disbursements are typically made at various completion stages of the project, requiring inspections and approvals, to ensure the loan funds are used appropriately throughout the construction process.
Many are curious about the transition from a construction loan to a permanent mortgage. This often involves understanding the terms for converting the construction loan into a traditional, long-term financing solution, the interest rates applicable, and any additional requirements for this conversion process. Capital Max has a program for this called Construction to Perm.
To qualify for a new construction loan with Capital Max, borrowers typically need to demonstrate previous experience in new construction projects, provide a detailed project plan, and have a good credit history. Specific requirements may vary based on the project’s scope and location.
The loan-to-value (LTV) ratio for new construction loans usually ranges from 60% to 75%, depending on the project’s specifics and the borrower’s qualifications. This ratio helps ensure that the project has sufficient equity to mitigate risks.
The approval process for a new construction loan can vary, but it typically takes between 2 to 4 weeks. This timeframe includes project evaluation, borrower qualification, and due diligence processes.
Yes, Capital Max offers options to refinance your new construction loan into a permanent mortgage through our Construction to Perm program. This allows for a smooth transition from construction to long-term financing.