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ELM Financial Services

Looking for new construction financing?
Elm has the best terms in todays market.

Construction Loans

Loan Purpose: Ground-up construction loans for developers and investors building 1-5 properties at a time.

Loan Term: 12 months (standard) with optional extensions.

Borrower Type: Individual, LLP or LLC.

Maximum Loan-To-Value (LTV): 75% of ARV.

Maximum Loan-To-Cost (LTC): 90%.
Cost is purchase price amount

When do we use LTV vs LTC?: Generally we use the lesser of LTV or lTC calculation.

Rehab/Construction Financing: Funding up tp 90% of construction budget up to 75% of land value.

Property Types: None-Owner Occupied