Ground Up Loans: Turning Your Real Estate Dreams into Reality
At RELM, we recognize that turning your real estate ambitions into tangible projects demands not only reliable funding but also expert support. Our Ground Up loans are meticulously designed to streamline the process, providing invaluable assistance to builders, developers, and investors as they transform their visions into reality, one brick at a time.
Key Loan Terms at a Glance
Note: Prior experience in successfully completing ground up projects is required to qualify for financing.
Property Types
Our specialization lies in financing residential properties comprising 1-4 units, ensuring our solutions are finely tuned to address the precise needs of your projects.
Loan Amount
We offer highly flexible financing, with loan amounts ranging from $50,000 to an impressive $5,000,000. This extensive range accommodates projects of all sizes, whether you're embarking on a small-scale development or a substantial construction endeavor.
Maximum Loan to Cost
RELM extends financing of up to 75% of the lower of the land value or purchase price (or 60% if unpermitted), in addition to covering 100% of construction costs. Furthermore, we grant access to up to 80% of the total project costs, ensuring you possess the necessary capital to turn your vision into reality. Our LTC Catch Up Draw option further simplifies the process, enhancing the initial advance to 75% post-closing.
Maximum Loan to ARV
We provide financing up to 70% of the After Repair Value (ARV) of your project, rendering it ideal for developers aiming to renovate and augment property values.
Term Length
You possess the flexibility to select a term that aligns with your project's specific requirements. Our options range from 12 months to up to 18 months, contingent upon the lender's discretion.
Recourse
RELM's Ground Up loans are furnished with full recourse, affording you the confidence and support you need throughout your construction journey. This unwavering commitment ensures you have a steadfast partner by your side, capable of navigating and overcoming any challenges that may arise.
Ground Up Loans
With RELM’s Ground Up loans, you not only secure reliable financing but also gain a trusted partner wholly dedicated to ensuring the success of your construction projects. Whether you’re expanding your investment portfolio or constructing homes for families, our financing solutions are thoughtfully tailored to simplify the process and expedite your journey toward success.
