New Construction loan – AJ Capital Funding

Construction Loans Ground-up construction financing for builders and investors

Our Construction Loans provide builders and investors the financing they need for ground-up construction and land acquisition.

Key Facts about our Construction Loans

Ideal for build-ready infill, tear down, and spec homes in urban locales
Not for tract home projects or new subdivisions (10+ homes)
Mid-Construction financing options available

Loans available for single family and multi-family properties
12 or 24 month loan term depending on the project plan
Experienced developers with 3+ similar past projects eligible for higher leverage
Foreign Nationals eligible

______________________________	Ground Up Program	Experienced Developer Program (3+ Similar Past Projects)
MAXIMUM LOAN TO COST	Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction Max 85% of total project costs LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing	Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction Max 90% of total project costs LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
MAXIMUM LOAN TO ARV	Up to 75%	Up to 70%
RECOURSE	Full Recourse	Full Recourse
RESERVES/ESCROWS	Interest Reserve: Minimum 1 month	Interest Reserve: Minimum 1 month Minimum 6 months full boat IR funded with initial loan amount for 90% LTC loans
EXPERIENCE	Previous real estate experience required: 1-2 Ground ups GCs if experience if permits tie to Ground ups Guarantors with no experience permitted on a case by case basis	Previous real estate experience required: 3+ similar Ground-up builds + heavy rehabs with expansion. Professional deveopment / builder. Guarantors with no experience permitted with experienced guarantor that meets the above experience criteria
LOAN AMOUNT	Min: $50,000 Max: $5,000,000	Min: $50,000 Max: $5,000,000
TERM LENGTH	12 months, Up to 18 at Lender Discretion	12 months, Up to 24 at Lender Discretion
PROPERTY COUNT	Min: 1 Max: 2	Min: 1 Max: 10
PERMITTED PROPERTY TYPES	Eligible: Non-owner Occupied 1-4 unit residential Townhomes Condos Ineligible: Mixed use properties 5+ unit multifamily properties Condotels Co-ops / TICs Commercial Property Log Homes Properties Subject to Oil and/or Gas Leases Operating Farms, Ranches, or Orchards Vacation or Seasonal Rentals Rural properties	Eligible: Non-owner Occupied 1-4 unit residential Townhomes Condos Ineligible: Mixed use properties 5+ unit multifamily properties Condotels Co-ops / TICs Commercial Property Log Homes Properties Subject to Oil and/or Gas Leases Operating Farms, Ranches, or Orchards Vacation or Seasonal Rentals Rural properties

What Makes this Product Stand Out?

Loans designed for developers and investors alike
Option to include land acquisition financing
Multiple draws available at borrower’s discretion

We have the product to meet your needs.

Important Note: If you are a broker, please call your AJ Capital Funding Group Account Executive to initiate access to your new and enhanced portal. If you don’t know who your Account Executive is, please call (800) 674-0757

Real Estate Commercial Lender Single Family Homes, Townhomes, Duplex, Triplex, and Condos Purchase Financing, Cash Out Refinance, Short and Long Terms Available Nationwide. Residential New Construction, Fix and Flip, Bridge and 30 Year Fixed, ARM financing options available for Single and Multiple Rental Portfolios.

“FOREIGN NATIONALS WELCOME”

(By Appointments Only)

Office: (800) 674-0757
Email: info@ajcapitalfunding.con
Address: 7345 W. Sand Lake Rd. STE # 214
Orlando, FL 32819