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New Construction

Build One, Build a Subdivision, We Have You Covered

How New Construction Loans Works

  • SFR, 2-4 Units, Condo, Townhouse, Multi-Fam 5+, “Subdivision Development”
  • Purchase, Refinance, Cash-Out Refinance - Available Capital to be reused as many times as you can during 24-month terms Min $5m – with approval
  • Up to 90% LTC, 75% LTV, 75% ARV - Terms Up to 36 month
  • Minimum loan amount $100k
  • Pay interest only on draws or Full Note Balance
  • Min FICO 660
  • Min experience required
  • 5+ Ground Up Constructions in last 3 years, or
  • 2+ Heavy Rehab ($100k+ in rehab cost) in last 3 years
  • NO RURAL PROPERTIES
  • 1st Lien Position Only

Apply with a Loan Officer Team

Erick
Erick Pleitez
Nationwide Long-Term & Short-Term Specialist
(832) 415-1820
erick@jetlending.com
Nakita
Nakita Powell
Jet Team 2 Assistant
(832) 916-2588
nakita@jetlending.com
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Josh Singh 
Jet Team 3 Assistant
(832) 975-0435
josh@jetlending.com

The Services We Provide

Leadership

Communication

We will walk you through every step of the way. You will get emails and texts on the progress of your loan and what you need to close with a dedicated Team just for your deal.

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Fast Evaluations

Your Jet Team will evaluate your projections and make sure you are in line with the market before you order appraisal within 24 hours.

FastMoney

Fast Closings

We will close your deal within 3 days of clear to close from Title and appraisal report review.

Money

Benefits

The speed of capital is is more important than the cost of capital. Let us make sure we can fund your deal fast and also make sure you are making the profits you expect. 

Helpful Videos and Always Check Out our Education Page for All Our Educational Content

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Analyzing Profits

Take a look at the math of NET PROFITS and see how you need to buy your properties. 

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How To COMP SFH

Here are some basic guidelines on how to comp a property.

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Going Over Evaluating New Construction

Alex goes over a quick video on evaluating to buy or sell new construction or unfinished new construction properties.

Frequently Asked Questions on Buy, Fix, & Sell

Hard Money is named since we lend off the Hard Asset and not your credit and income. It's based off the property you are trying to purchase or refinance. 

No, your credit just offers you what terms are available to you. We will pull a credit check to see how you pay other lenders back and what usable lines of credit you have to see how you can manage the project. Credit can effect the term of your loan. Short-term loans are more flexible than long-term loans. Longer term loans may require a min 650 credit score. 

We will close within 3 days of clear to close from title and appraisal review. Be careful on terms you see that do not have an appraisal requirement, its your one time when you can see what you buyer is going to see when they try to get a loan to buy your property. It's valuable information. Our loan amount is not dictated by the appraisal, but it's a 3rd party's perspective of the market that should be considered as you plan your strategy. 

New Construction Deals are very subject to what you are building, the cost, and how many you are building. It also depends if you own the land or are purchasing the land within loan. Since its so subject to what the project is, we need to get some info from you to see how we can structure this deal for you and your project needs. 

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Jet Lending

Your Fast and Friendly Asset Based Lender since 2004.

1419 FM 1960 E Houston, TX 77073

Call/Text (281)872-7800

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