New Construction Loans
Build from the ground up with New Construction Loans, tailored for investors looking to finance ground-up construction projects.
Laying Foundations with New Construction Loans
Breaking ground on a new construction project requires not just vision but robust financial backing. Migma’s New Construction Loans provide the support you need from the ground up. We collaborate closely with you to ensure the financing matches the scale and scope of your project. Fill out our form for a free consultation and let us help you build your future, one brick at a time.
New Construction Loans
What is it?
New Construction Loans fund the construction of new properties, from residential homes to larger commercial developments. These loans are essential for managing cash flow during the construction phase and are typically disbursed in stages based on completed work. An investor might use this financing to develop a vacant lot into a residential rental property.
Benefits:
Funding aligned with project milestones.
Enables development of customized properties.
Potential for high profits upon project completion.
Flexible terms to match project timelines.
Supports both residential and commercial projects.
Qualifications And Rates:
Up to 70% of ARV; 75% for those with 5+ years experience.
Terms available up to 24 months.
Minimum FICO score of 660.
Experience required: At least 2 flips or 1 new build in the past 3 years.
Non-owner-occupied projects only.
Connect With Us
Ready to ignite your real estate ambitions? Sign Up For Funding Counseling today to discover how our tailored partner financing options can launch your projects to new heights. Let Migma be your powerhouse in real estate investing!
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