Churchill’s Ground Up Construction product allows borrowers the opportunity to secure quick and easy vertical financing to build residential property types.
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Churchill’s Ground Up Construction product allows borrowers the opportunity to secure quick and easy vertical financing to build residential property types.
Property Type
Attached or detached SFR, 2-4 units, townhomes, condos
Loan Purpose
Non-Owner Occupied Business Purpose Residential Loans
Interest Reserve
Eligible, but not required
FICO
700 minimum (680 case-by-case)
LTC
up to 85% for experienced and institutional borrowers
LTAIV
up to 60% to land value
LTARV
up to 75%
Experience
minimum of 3 previous projects (like-kind experienced required)
Recourse
Full required