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.
Click below to get a no-obligation quote on your next project.
Or, if you already have the property under contract, create a member account below to submit a full application.
| NEW CONSTRUCTION LOAN MATRIX | |
| Geography | All states except AK, AZ, CA, MN, ND, NV, OR, SD, UT and WA |
| 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 90% of actual cost |
| Rates | Starting at 5.99%. 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 |
| Experience | 2+ exits within the last 3 years |
| 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. |
| 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. This is not an offer to lend or to enter into an agreement. For more information, email us at info@gonavcap.com. | |