Ground Up Construction Program: Rebuilding Communities After Wildfires
The Equity Wave Lending Ground Up Construction Program provides flexible financing options tailored for developers and builders aiming to rebuild communities impacted by wildfires. Designed to support projects from start to finish, this program empowers both first-time and experienced developers to construct high-quality homes, revitalizing affected areas with much-needed housing.
Key Benefits for Wildfire Recovery:
- Rebuild Faster: Access up to $3.5 million in funding for eligible non-owner-occupied 1-4 unit residential properties, townhomes, and condos.
- Comprehensive Coverage: Loans include up to 100% of construction costs and up to 75% of land value (or purchase price), ensuring a solid financial foundation to begin projects immediately.
- Experienced Support: Special programs available for developers with 3+ similar past projects, enabling faster approvals and tailored terms to meet ambitious timelines.
- Loan-to-Cost Flexibility: Maximize project funding with up to 90% of total project costs for eligible builds.
- Fast Turnaround: Loan terms of 12 to 24 months provide ample time for construction while encouraging swift project completion.
Program Highlights:
- Loan amounts from $50,000 to $3,500,000
- Permitted property types include non-owner-occupied residential, townhomes, and condos
- Full recourse loans with a minimum 680 FICO score requirement
- Interest reserves funded upfront to ease cash flow during construction
This program ensures that developers have the resources needed to rebuild wildfire-affected areas with quality, speed, and efficiency. Whether starting fresh or leveraging prior experience, the Equity Wave Lending Ground Up Construction Program is here to help restore homes and communities.
Loan terms and eligibility subject to lender discretion. Give us a call at 1-888-399-8881 today for more details.