Little City Investments provides construction loans for residential projects in Austin and Houston Texas.
In addition to funding land purchases we also offer flexible and competitive construction funding to finance your project from beginning to end. Like our rehab loans, our construction loans are based on the final market value of the development and are tailored to your budget and timeline. Funds are released in construction draws throughout the project, and we work with you to develop a marketable end product.
Some construction projects can even qualify for a construction line of credit in which interest is only paid on the amount drawn. Please contact us for more details on our construction line of credit program and how to qualify.
Construction Loan Terms:
- Max loan of 70% of final market value
- 12%-14% interest, interest-only monthly payments.
- 4 points
- $650 doc-prep fee
- $250 draw fees