The current housing market has an inventory problem. Housing supply remains at near historic lows—especially for starter homes-–which has propped up prices despite relatively high interest rates.
“Inventory is approximately 46% below the historical average dating back to 1999,” according to this recent Forbes article. The country ultimately needs 4.3 million more homes, according to Zillow analysis.
That’s a lot of homes!
So, if folks sitting on low mortgage rates aren’t listing their homes, where will the additional inventory come from? One option is new construction.
Is building from the ground up right for you? Many of our investor clients have found success with this exit strategy. We offer flexible and competitive financing for new construction projects with details below:
- Up to 85% LTC
- Up to 70% LTV
- Up to $3M Loan Amount
- Standard 12-Month Term
- Up To 18 Month Term
- No Pre-Payment Penalty
We want to make sure that you are well-equipped for success so we do require that you or one of your partners have some experience with ground-up construction. That requirement, along with a minimum credit score of 680, gives us confidence that you have the know-how and financial standing to see your project through to successful completion.
Have we piqued your curiosity? Are you considering ground-up construction? Feel free to reach out via info@gonavcap.com or call/text at 888.444.3160 to go over your financing options. To get a quick quote on your project, click the link below:
https://thinknavigator.com/NavCap/GetAQuote.php
We look forward to working with you!