GROUND UP
Rates Starting at
10.99%*
Roc Capital Makes Bridge Loans Easy
Ground Up Program
Maximum Loan To Cost | Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction Max 85% of total project costs LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing |
Maximum Loan To Arv | Up to 70% |
Recourse | Full Recourse |
Reserves/Escrows | Interest Reserve: Minimum 1 month |
Experience | Previous real estate experience required: 1-2 Ground ups GCs if experience if permits tie to Ground ups Guarantors with no experience permitted on a case by case basis |
Loan Amount | Min: $50,000 Max: $3,500,000 |
Term Length | 12 months, Up to 18 at Lender Discretion |
Property Count | Min: 1 Max: 2 |
Permitted Property Types | Eligible: Non-owner Occupied 1-4 unit residential Townhomes Condos Ineligible: Mixed use properties 5+ unit multifamily properties Condotels Co-ops / TICs Commercial Property Log Homes Properties Subject to Oil and/or Gas Leases Operating Farms, Ranches, or Orchards Vacation or Seasonal Rentals Rural properties |
Experienced Developer Program (3+ Similar Past Projects)
Maximum Loan To Cost | Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction Max 90% of total project costs LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing |
Maximum Loan To Arv | Up to 70% |
Recourse | Full Recourse |
Reserves/Escrows | Interest Reserve: Minimum 1 month Minimum 6 months full boat IR funded with initial loan amount for 90% LTC loans |
Experience | Previous real estate experience required: 3+ similar Ground-up builds + heavy rehabs with expansion. Professional deveopment / builder. Guarantors with no experience permitted with experienced guarantor that meets the above experience criteria |
Loan Amount | Min: $50,000 Max: $3,500,000 |
Term Length | 12 months, Up to 24 at Lender Discretion |
Property Count | Min: 1 Max: 10 |
Permitted Property Types | Eligible: Non-owner Occupied 1-4 unit residential Townhomes Condos Ineligible: Mixed use properties 5+ unit multifamily properties Condotels Co-ops / TICs Commercial Property Log Homes Properties Subject to Oil and/or Gas Leases Operating Farms, Ranches, or Orchards Vacation or Seasonal Rentals Rural properties |
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