Doivel Funding provides construction loan to real estate entrepreneurs, developers, builders, contractors and investors who in pursuit of building a commercial or residential properties. These prefossionals are seeking for profit when the construction is finished. Doitvel Funding can help. Our Loan is short-term 6 to 12 month.
For residential check below for guidelines.
For commercial Real Estate construction check Commercial Real Estate page
Term: 6 to 12 month
Rate: 12% to 18%
Doc prep: $1,000 - $1,500
Appraisal Fees: paid by the borrower
LTV: 70% to 75% after repair value (ARV)
Lien Position: First lien
Min Loan: $50,000
Maximum Loan: $1,000,000
Down Payment: 10%
Lender points: 1% to 6% and 1% to 6% for extension
Exit Stategy: Must have a great exit strategy. to sell or refinance