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New construction are short-term loans used to finance the building or renovation of a home or real estate project. The initial draw will be calculated based on the As-is Value of the Property and the renovation budget will be advanced in construction draws.

Standard Loan Terms

Max Loan Amount:  $10,000,000 - $100,000,000

Max LTC/ARV (Loan to Cost / Loan to After Completed Value):

– Experienced Investors: The Lesser of 90% LTC or 70% ARV.
– Inexperienced Investors: The Lesser of 85% LTC or 55% ARV.

Rate: Starting at 10.5%

Term: 12-24 months

Payments: Interest Only with balloon at maturity.

Prepayment penalty: None 

Standard Closing Costs

Origination Fee: 1-5%

Underwriting Fee: $1,500

Legal: $750 – $1,500

Appraisal Fee: $500-$950

Title Insurance and recording fees: 1%

Standard Closing Time.

10 - 20 days.

EBSC Lending is a direct lender and does not rely on other institutions to close the loans. Once the title work and appraisal are ready, We will be too!


Last 2 bank statements (US bank account)
Copy of ID and Borrowing Entity docs
Purchase Contract (If Purchase)
Project budget/ Scope of work
Approved plans (If applicable)
Track Record Sheet
Contractors information
Property Insurance

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