About Ariso Construction Loans
Are you building a spec home? Do you own lots but don’t have the funds to go vertical? We are looking to work with builders that own their land/lots free and clear. If you have a lot or subdivision and need money to go vertical, we want to see your loan request.
With construction spending in the United States rising to its highest level in nearly 5 years there is a higher demand for new homes, which in turn leads to builders looking for quicker, more reliable funding than traditional bank lending. We aim to fill the gap left by banks in this area!
We are now funding ground up construction loans in 41 states and Washington DC.
7 Day ClosingsSame day decisions upon submission of completed application and requested documents. Property Types: Single family, Multi-Family, Maximum of 4 Units. Pre-Pay Penalties: None Extensions: Available
Loan amounts from $45,000 – $3,000,000Larger loan amounts considered case by case, option for $5,000,000. Loan Term: 13 months interest only payments Monthly Payment: 1% of loan balance. Credit Score Min. 600+
1st Time Buyers AllowedWe lend up to 90% of lot purchase and 90% of the construction costs. Loan-To-Value on Purchase: 90% Loan-To-Value on Rehabilitation Funds: 90% Rates from 9.99-12%. After-Repair-Value (ARV): 70%
We offer a variety of Real Estate financing products available in most states. We DO NOT lend on primary residences or owner occupied residential properties. Programs now available in the following states:
AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, NE, NH, NJ, NY, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV, WI