Construction Financing Loan Program
King Capital is your one stop for any new construction loan, from origination to construction draws to servicing. King Capital's in-house construction management team ensures fast draw approvals, and our servicing team supports you every step of the way.
Like any mortgage, you want to ensure your monthly payments fit within your budget. This is particularly true with a construction loan – because you may be paying to live somewhere else while your new home is being built. During the construction phase, you want to keep expenses manageable and not incur any extra costs that might come with delayed construction.
New Construction Loan Criteria
Loan Purpose: Includes spec builds and model homes
Term: 13-, 19-, or 24-months
Interest Only: Yes
Interest Rate: As low as 8.5
Interest Rate on Undrawn Rehab Funds: 0%
Non-Recourse Available: Yes
Leverage: Up to 90% LTC and up to 70% LTV
Fast due diligence and closing
The First Step To Your Future
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