Ground-Up Construction Loans for Builders and Developers
When Your Bank Falls Short, We Come to the Rescue!
If you are involved in the construction industry, you likely know that private money lenders have been long-time partners to developers. Banks may consider your projects too dangerous for them to invest in, but with a ground up construction hard money loan from private sources, it can be easier to get the funding you need quickly.
Stone Commercial Capital is a Pennsylvania hard money lender with experience in ground up construction loans. Our expertise is helping you get the money you need to build from scratch, ensuring that your project can be completed in a timely manner. Our hard money loans can provide you with the funding you need to purchase land, build from raw materials and expansions.
What is a Pennsylvania Ground Up Construction Hard Money Loan?
A ground up construction hard money loan is a short-term bridge loan that provides funding for developers and builders who plan to build from the ground up. This type of loan is popular among Philadelphia and Pittsburgh real estate investors, as it allows them to purchase the land and build their projects faster than with a traditional loan. It also provides a more flexible repayment structure.
When it comes to determining how much you can borrow, there are a few key elements that come into play:
The purpose of your property
The projected value upon completion
Your state regulations
Mainly, the ground up construction loan program is the perfect financing option for constructing single-family homes, multi-family dwellings, and mixed-use projects that are either approved or ready to break ground.
The Ground Up Construction hard money loan is your ideal solution if:
You’re an experienced builder or developer wanting to take advantage of a new venture without waiting on bank financing
You already own entitled or shovel-ready land but need funding to get it started
Our construction loans are based on the risk associated with the project. Whether you’re looking for a single family spec home or multi-family residence, our ground up construction hard money loan offers quick closings so that you don’t miss out! With us as your financing partner, experience reliable service and build quickly.
Advantages Of Obtaining Ground-up Construction Hard Money Loans in Pennsylvania
Quick closing
Easy qualifying process necessary for approval
Flexible repayment terms
No occupancy requirement
No prepayment penalty
At Stone Commercial Capital, we appreciate the trust you put in us as your hard money lender for a ground up construction hard money loan. We understand the need to close quickly on construction projects and work hard to make the process easy, fast, and hassle-free.
Get Started On Your Ground Up Construction Project in Pennsylvania?
Make your construction project a reality. Our hard money loans are designed for developers and builders who want to get the most out of their investments. We are a trusted private money lender in Pennsylvania and can provide the funds you need to bring your project to life. Contact us now!
