LAND ACQUISITION AND NEW CONSTRUCTION PROGRAM
Single-Family (1-4 Units)
CONSTRUCTION LOAN CRITERIA
| Collateral | Non-owner occupied, single-family properties, condos, and townhomes |
|---|---|
| Rates | Starting at 11.29% |
| Term | 12–24 months |
| Loan Amount | 100K*–$3M |
| *Based on loan amount | |
| Minimum Property Value | $150K** |
| **As-completed value | |
| Credit Score | 680 minimum |
| Locations | All States EXCEPT – AK, NV, ND, SD, MN, and VT |
LOAN AMOUNT – PURCHASE & REFI
| TOTAL LOAN-TO-COST | ||
|---|---|---|
| Assuming Entitlements, Permits & Approved Plans | Maximum ARV | Total Loan-to-Cost |
| Completed 10+ Ground Up Construction Projects | Up to 75% ARV | Up to 90% Total LTC |
| Completed Between 5 and 9 Ground Up Construction Projects | Up to 70% ARV | Up to 85% Total LTC |
| Completed Between 2 and 4 Ground Up Construction Projects | Up to 65% ARV | Up to 80% Total LTC |
| Completed At Least 1 Ground Up Construction Project | Up to 65% ARV | Up to 80% Total LTC |
LEVERAGE BASED ON EXPERIENCE – Documented experience in the past three yearsConstruction budget follows a typical reimbursement draw process. All hard costs must have a permit.Note: Lending available for all states in the U.S. except AK, NV, ND, SD, MN, and VT
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The first part of every successful fix and flip is finding the right real estate property. That’s why we’ve created this easy, 5-point guide to help you find the “sweet spot” deal, which can give you the best chance at making money in real estate, while safeguarding your investment.
At lensz capital we are only interested in providing hard money loans for projects that will give you the best opportunity at realizing success. Therefore our criteria is centered around these 5 points:
Download our free guide to using Private Money for your Real Estate Investing.
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Enter the “Circle” anywhere. Enter it as a “newbie” real estate investor, or enter it as an experienced one. You can enter as a borrower or a lender, or even an Internet marketer. We want to explain to you how we can get you traveling along the ‘Circle of Wealth.
We provide borrowers with access to private capital for investing in real estate It’s the ‘Circle of Wealth.’ It’s what we do!