Frog REDI Financial Resources Speeds Up Texas Construction Loans
July 27, 2023Rate-n-Term Loans: Your Path to Better Refinancing
September 1, 2023New Construction Loans for Competitive Building Success
Discover swift and flexible new construction financing. Benefit from easy applications, quick closings, and favorable terms for your next building project.
If you’re embarking on new construction, there’s a financing path that’s swift, flexible, and innovative. Gone are the days of slow, impersonal loan approvals from traditional banks. Here to revolutionize the experience is a distinct approach to new construction financing. This approach emphasizes speedy underwriting, viewing the true potential in every project and utilizing private capital, thus circumventing the constraints of conventional lending.
The Comprehensive Construction Loan Program
The standout feature of this loan program is its scope. Not only does it provide financing for lots, but it also covers construction costs. It’s designed to give builders across Texas an upper hand, ensuring construction projects take off without a hitch. This financing model vastly outperforms traditional lenders, slashing their 30-60 day closing times to as little as ten days for the right property.
For home builders and general contractors, our home construction loans offer the financial freedom to realize their visions. Our focus is to deliver the resources you need to transform blueprints into reality, without the traditional banking constraints. With Frog Financial, experience the joy of building homes without the nightmare of complex lending processes.
Unparalleled Offerings in the Financing Landscape
An appealing application process is key in new construction financing. The deal includes interest-only payments, in-house underwriting, and fast closings. The program lends itself to small or phased development projects; you don’t have to worry about prepayment penalties.
In terms of flexibility, this approach delivers. Construction draws are adjustable to your needs, and loans can close in the name of your LLC or company. For those who own their lot or land, up to 50% of the as-is value can be funded at close, along with 100% of vertical construction and 85% of the total cost, with an 11.25%-12.25% interest rate.
Expanding Your Real Estate Possibilities
This innovative financing model steps up for builders looking to purchase a lot or land. It offers funding for up to 50% of the purchase price, 100% of vertical construction, and 85% of the total cost.
It’s time to bring those property visions to life. Choose this new, fast-paced construction financing method and take control of your real estate future. This route is all about fast closings and hassle-free experiences. Don’t wait another day to kickstart your project; take the reins with this unique new construction financing option.
New Construction: The Frog Financial Advantage
Entrusting your project to Frog Financial as your new construction financing partner places it in the hands of experienced and customer-focused professionals. Our construction loan lenders simplify the process, reduce wait times, and assist you in navigating your project’s financial landscape. Delivering an unparalleled financing experience, Frog Financial offers an easy application process, quick closing times, and flexible construction draw options.
With an in-depth understanding of Texas real estate and a proven track record of aiding builders across the state in reaching their construction goals, Frog Financial can propel your project forward, enabling faster and more efficient realization of your real estate aspirations.