The New Construction Loan: Build Your Vision With The Best New Construction Loans

Looking to finance your new construction project with a reliable and flexible loan? The Trye Group New Construction Loan is designed to support builders and investors, offering competitive terms and tailored features to meet your construction projects needs.

New Construction Loan Requirements

To qualify for our New Construction Loan, you will need to meet certain requirements. Some requirements include:

• Credit Score Requirements: A credit score of 650+ is needed for New Construction Loans. For those with no construction experience, a credit score of 680+ is needed.

• Required Documentation: Architectural drawings and plans are necessary to secure the loan, ensuring a clear vision for your project.

• Liquidity Requirements: Cash to close and 15% of the total project cost must be available, ensuring you have sufficient liquidity. The first draw must be paid by the borrower or contractor, ensuring a solid start to your construction.

Our expert team will work closely with you to ensure that you meet all the necessary criteria and guide you through the application process.

Key Features

Whether you’re a new builder or a seasoned construction company, our new construction loan is filled with features to help your project be a success. Some key loan features include:

• Flexible Draws: Benefit from 6 to 8 draws, determined on a case-by-case basis, ensuring you have the funds when you need them.

• Competitive Loan Terms: Up to 70% After Repair Value (ARV) financing. Up to 85% Loan to Cost (LTC), helping you maximize your investment potential.

• Financial Flexibility: Minimum loan amount: $150,000. 12-month interest-only term with no prepayment penalty. Up to four extensions of 3 months each if needed, providing flexibility as your project progresses.

Are you confident that your next construction project is set up for success?

• I'm confident, I'm just looking for a reliable partner.
• Not really, this is my first new construction project.

Find out if you are pre-approved by clicking here! Your application won't impact your credit score!

Benefits Of Choosing The Trye Group New Construction Loan

At The Trye Group, we have a deep understanding of the construction industry and the challenges faced by builders and investors. This is why we have designed our New Construction Loan to be the best in the market. We take pride in being a trusted partner for our clients and providing them with the support they need to achieve their investment goals. Here are some of the top benefits of choosing our New Construction Loan:

• No Prepayment Penalty: Pay off your loan early without any additional fees, giving you financial freedom.

• Extension Options: Up to four 3-month extensions are available, providing you with additional time if needed.

• Tailored Support: Our loan structure is designed to support both experienced builders and those new to construction, with flexible terms and competitive rates.

Ready to Bring Your Construction Project to Life?

Discover how The Trye Group New Construction Loan can help you turn your construction plans into reality. Contact us today to learn more and start building your future with confidence!