Real Estate Loans
New Construction Loans
Our New Construction Loans are perfect for real estate investors, builders, and developers seeking financing for the acquisition, development, or construction of ground-up projects. Working with PFS for new construction projects gives investors the flexibility and capital to cover up to 85% of the project cost from single-family homes to larger multifamily properties.
We offer funding for ground-up Construction as well as Busted Construction.
Contact us to learn more or give us a call today!
What is 'Construction Loan'
A construction loan is a short-term loan used to finance the building of a home or another real estate project. The builder or homebuyer takes out a construction loan to cover the costs of the project before obtaining long-term funding. Because they are considered fairly risky, construction loans usually have higher interest rates than traditional mortgage loans.
Cost of the Land
Cost of the Construction
Proof of Insurance