When you think about building a ground-up new construction property it’s interesting to think about how to shoot for the highest net-operating income and multifamily properties are a great bet to hedge your bet across many individual tenants – or “doors” in the multifamily vernacular.
Building your multifamily new construction projects in CA is highly encouraged
Multifamily development in California is generally encouraged by the state government. California has a high demand for housing, and multifamily housing can help to address this demand by providing more affordable housing options. The state government has implemented several policies and incentives to encourage the development of multifamily housing, including tax credits and grants for affordable housing, streamlined approval processes, and funding for infrastructure improvements. However, some local governments may have more restrictive policies towards multifamily development, so it can vary depending on the specific area – my pro-tip call your local Building Permit department for your specific city.
How to qualify for your multifamily new construction loan?
Have no fear, Valor Lending Group is here with the tips on how to qualify and the loan process to ensure you find the right loan for your specific needs. We feature the very Best New Construction residential and commercial loans so you can build your Arizona Dream Home! Whether you are seeking to build a custom home for your primary residence, a spec home to sell for a profit, or a commercial construction loan we have you covered!
VALOR LENDING GROUP HAS THE BEST VALOR NEW CONSTRUCTION LOANS AVAILABLE NOW!
What is a New Construction Loan?
A ground up construction loan is to provide a financing solution to construct a wide variety of real estate properties. They can be single family, multi-family, and mixed use projects. A licensed and bonded general contractor will assist you with plans, entitlements, and get your property shovel ready while solidifying the financing to get the project started.
Valor Lending Group has a number of lending solutions and options allowing you choose the right route to take to secure the luxury property of your dreams.
How Do You Qualify for New Construction Financing?
You would qualify for New Construction Loans in the same way as a conventional or high balance loan with a few additional qualifications. Such as, but not limit to completed projects in the three years, the loan to cost evaluation, and/or after completed value.
The scoop on Valor New Construction Projects:
- Up to 90% LTC
- Max Loan Up to $20 Million
- Flexible Guidelines
- 12 to 24 month Interest Only Interest Rates
- Valor boasts the very best communication, service, rates and performance in the industry
- Valor ensures the very best pricing by shopping with many direct lenders so you don’t have to!
Who Is A New Construction Loan Right For?
At Valor Lending Group, we have New Build Construction Loans are perfect for the seasoned construction borrower AND the first time buyer who wants to build that luxury home they always wanted.
In addition, we also offer full documentation low rate loans, stated income loans, and hard money loans.
Valor Lending Group also offers:
- Bank Statement Loans
- Hard Money Loans
- FHA Loans
- Doctor/Dentist/Vet Loans
- VA Loans
Call or email me for immediate attention to your scenario!
Valor Lending Group can fund your fast-hard money loan up to $10mm in as little as 7 days often without an appraisal.
Please do not hesitate to call or email me with any scenarios.
I look forward to an opportunity to demonstrate my prompt and professional service.
Recap of our Loan Products:
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- 100% financing is available (we can cross collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 10% down Jumbo’s with NO MI up to $1.5mm
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
We also offer:
- Conventional Conforming Loans (under $647,200)
- High Balance Conforming (from $647,200-$970,800)
- Jumbo Loan Financing to $10 Million / Super low rates! / 10% down Jumbo to $1.5mm
- FHA, USDA
- Reverse mortgages up to $1 Million Value
- Cash Out Refinancing
**Rates and terms subject to change without notice**
We look forward to the opportunity to serve you!
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