This program provides financing for Accessory Dwelling Unit construction on owner occupied or non owner-occupied properties when the ADU will be used as a rental.
Lending Criteria & Scenarios:
- Business Purpose Ground-up Construction Loan
- We will lend up to 70% LTV/CLTV or After Repair Value (ARV)
- Single Family or Multi-Family Residences
- Loan amounts from $100k – $2.5M+
- Loan term 1 to 5-years with Balloon – Interest Only payments
- Rates from 8.50% – 2nd’s from 9.50%
- Funds Control required – Funds available if permits in place or not yet
- 1 or 2 ADU’s ok
- Must comply with city and county ADU zoning and ordinances – state laws apply
Why Mortgage Vintage?
- Same Day Term Sheets – Professional Service
- Easy Loan Submission, Quick Turnaround, 3-7 Day Funding
- Fast, Flexible and Transparent Loan Process
- Over 30 years Financial Industry Experience
- Funding Based on Committed Terms
- Surety of funding through CrowdTrustDeed’s simple and secure online marketplace
- Se Habla Español