Ground Up Loans
Build your dream investment property from the ground up
Ground Up Construction
Financing for residential builders
Interest Rate
10 - 13.25%
Origination fee
from 1.875%
Loan To Cost (LTC)
up to 90%
Construction Financing
up to 100%
Loan To ARV
up to 80%
Term
24 months
Minimum Loan Amount
$100,000
Maximum Loan Amount
$5,000,000
Minimum FICO
650
Type of Property
Residential 1-4 units, condos, townhomes
Benefits For Borrowers
Instant Proof of Funds and Term Sheet
Interest Only Payments
Discounts for Repeat Borrowers
Up to 100% Construction Financing
No Hard Credit Pull
No Junk Fees
All Loan Products
Fix & Flip
Funds for purchase + rehab or refinance + rehab
Get up to $5,000,000
Interest rate 10 - 12.75%
Origination from 1.875%
Up to 100% construction
Rent
30 year fixed product for stabilized properties
Get up to $2,000,000
Interest rate from 7.5%
Origination 2-3%
30-year fixed rate
Ground Up
Construction loans for residential builders
Get up to $5,000,000
Interest rate 10 - 13.25%
Origination from 1.875%
Up to 24 months
Advantage Program
The Advantage program rewards real estate investors that continuously partner with New Silver, by providing reduced origination fees, reduced interest, appraisal refunds and much more. The more projects you complete with New Silver the greater your Advantage becomes. The Advantage program only applies to Fix & Flip and Ground Up construction programs.
Rewards for our repeat partners
New Silver in the past 24 months
Frequently Asked Questions
No, we do not offer financing for raw or undeveloped land where there are no plans for development. Ground up construction loans need to be “shovel ready” – building plans and permits, a completed construction budget, and in some cases a budget feasibility review. The borrower should be ready to break ground shortly after the closing.
No, we do not finance rural property.
Yes, an appraisal with interior access is required.
You need to be a US Citizen or legal resident.