Ground Up Construction
For experienced construction developers and builders. This loan program is designed to finance the construction of single-family homes and other residential properties from the ground up. RTC can also fund the construction of vanilla commercial property types on a case-by-case basis.
Ground Up Construction Loan Program
Red Tower Capital’s Ground Up Construction loan program provides experienced developers and builders a streamlined financing solution for those who are looking to build a new property from the ground up.
Borrowers should have documentable construction and/or heavy rehab experience.
Situations that might require a Ground Up Construction Loan:
- Perfect for seasoned construction-oriented borrowers looking to capitalize on a new project and not be bothered by the time and trouble associated with bank financing.
- A fix & flip project that is really a heavy rehab.
- Can use this program for property purchases and construction costs or just ground up construction.
Advantages:
- Terms of 12, 18, and 24 months
- Interest Only
- Eligible property types are single family homes and other residential properties. Case-by-case for vanilla commercial properties.
- Up to 90% of purchase price
- Up to 85% of loan to cost
- Quick underwriting and approval
Do not hesitate to reach out to discuss your loan scenario and get a quote!
Expertise You Can Trust
Since 2011, Red Tower Capital has been helping people achieve their dreams.
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Having known Red Tower Capital for over 10 years, I can safely say, they are the most reliable private lender in the market.
Red Tower Capital solved my financing problem. They are great! Thank you!
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Red Tower Capital provided multiple loans to me over the years. They are easy to work with and very responsive. Thank you!
We have placed a handful of loans successfully with the Red Tower team over the years. Thank you for funding our deals!
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