New Construction Program

Rates Starting At 9.99%

Loan Amount

$50,000 – $20,000,000

Maximum Loan to Cost

Up to 90% LTC

Maximum Loan to Value

Up to 75% ARV

Term Length

Up to 24 Month Term

Rates

9.99% – 13%

Minimum Credit

660

Interest Reserve

Varies Per Project

Minimum Experience

1 Prior Ground-Up Required

New Construction

Loan Details

Paramount Capital Lending focuses on residential real estate and is able to fund a variety of properties across 42 states, including the following types of investment properties:.

Single-Family (1-4 Unit)
Multi-Family (5-30 Unit)
Townhomes
Condominiums
Subdivisions

Paramount Capital Lending simplifies the closing process by eliminating junk fees and offering clear, straightforward pricing.

Underwriting and Due Diligence Fee: $2,000.00
Attorney Document and Preparation Review: $995.00 – $8,000.00
Third-Party Appraisal: $700.00 – $1,400.00
Feasibility Report: $1,500.00
Origination Fee: 1% – 3%

You’ll appreciate the simplicity of closing with Paramount Capital Lending, thanks to our straightforward underwriting process. To expedite your application, here are the key items you’ll need to gather:

Credit and Background Check
Purchase Agreement (If Applicable)
Last Two Months of Bank Statements
Project Budget/Scope of Work
Plans and Permits
Track Record
Borrowing Entity Documents
Contractor Information

What Are

New Construction Loans

New construction loans are short-term financing options designed to fund the construction or renovation of a home or real estate project. The initial draw is determined based on the property’s as-is value, reflecting its current condition before any work begins. Subsequent funds for renovations are provided in stages, known as construction draws, which are released as specific milestones in the project are completed. This structured funding approach ensures that borrowers have the necessary capital throughout the building process.