New Construction Loan Program

Working on a project from the ground up? Whether it is brand new construction or a tear down and rebuild, Navigator Private Capital can help. We will carefully analyze your project's parameters and timeline and use that information to craft a customized loan package.

Generally, we do require 50 percent down on the purchase of the buildable lot but will consider funding up to 70% of the cost of the finished property. We are rolling out this program across our entire lending area so reach out to us today for details.

Click the link below to get a no-obligation quote on your next project.

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Or, if you already have the property under contract, create a member account below to submit a full application.

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NEW CONSTRUCTION LOAN MATRIX
Geography	All states except CA, ND, SD and NV.
Loan Purpose	Residential
Loan Amount	$100K +
Loan Process	Paperless, automated and online
PrePayment Penalty	None
Terms	Up to 24 months
Loan To Cost Max	Up to 70% of actual cost
Downpayment Minimum	50% on the purchase of the buildable lot
Rates	Starting at 10%. The more money down the lower the rate.
Determination of Value	Appraisal ordered by NavCap using approved Appraisal Management Company (AMC)
Borrower	Loans are made to business entities (e.g., LLC, Corps, etc.) only -- not individuals
Credit Score	Generally 600 or higher for experienced borrower (2+ recent flips). 680+ for all others.
Credit Grid	No foreclosures in last four years, no open tax liens, and no bankruptcies discharged in the last two years.
Occupancy	Non-owner occupied
Income	Not required
Environmental	Feasibility and Environmental Impact studies required
Structural	Architectural plans and building permits in hand. No raw land.
Inspection Fee	$250 per inspection
Navigator Private Capital, LLC 1910 Towne Centre Blvd Suite 250 Annapolis, MD 21401. Navigator Private Capital only makes loans for business purposes and is not a residential mortgage lender. Navigator Private Capital is exempt from licensing requirements in our geographical footprint except in MN (MN-BR-1732237). For questions about this license, contact MN Dept of Commerce by phone at 651.539.1600 or via email at mortgage.commerce@state.mn.us. This is not an offer to lend or to enter into an agreement. For more information, email us at info@gonavcap.com.