Hassle-Free New Construction Financing Fast Closings
Frog REDI Financial Resource is one of Texas' leading sources of financing for new construction and real estate investor loans. We provide creative financing options for opportunistic real estate transactions. Through our process, we are able to quickly fund loans that make sense.
About New Construction Loans
Our unique approach to New Construction Financing is significantly quicker and more flexible than that of typical banking environments. Compared to other lenders, we take a fraction of the time to underwrite a loan, and we see the true potential of a project. Additionally, since we use private capital to fund loans, we are not restricted by conventional lending requirements and strict banking regulations.
Through our new construction loan program, we provide lot and construction financing to builders throughout Texas. Our superior program provides financing for 1-4 unit, single-family properties and allows the builder to begin his next construction project with ease. Unlike a conventional bank lender that can take 30 to 60 days to close a deal, we can get the deal done in as little as ten days on the right property.
- Financing Lot and Construction
- Easy Application Process
- Interest Only Payments
- In-House Underwriting
- Fast Closings
- Small or Phased Development
- No Prepayment Penalty
- Loans Close in LLC or Company Name
- Construction Draws are Flexible
- Excellent Customer Service
Borrower/Client Owned Lot/Land
- Fund up to 50% of As-Is Value at Close
- Fund up to 100% of Vertical Construction
- Fund 85% of Total Cost
- Terms 12 Months
- 11.25%-12.25%
- 2.5 - 3.0 Origination Pts
Borrower/Client Purchase Lot/Land
- Up to 50% of Purchase Price
- Up to 100% of Vertical Construction
- 85% Total Cost Funded