Construction Loan

A construction loan is a type of loan that is specifically designed to finance the construction of a new property or the major renovation of an existing property.

These loans can be used to fund the entire building process from start to finish, including the purchase of the land, building materials, and labour costs.

Unlike a traditional loan, which is typically disbursed in a lump sum, a construction loan is disbursed in stages or draws. The lender will typically make payments directly to the builder or contractor in stages as the construction work progresses.

The loan to assist the construction of residential properties.

Terms and conditions

  • The term is less than 12 months.

  • The standard LTV is 65%, but may change depending on collateral location, future outlook and economic conditions.

  • The interest rate depends on the market condition.

Loan Amount

From $300,000 to $6,000,000. The maximum amount may vary depending on the contents of the collateral or our financial capabilities.

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