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GROUND UP CONSTRUCTION

 Welcome to Cotton Funding and Investment Group. This page outlines the Basic Terms of our funding options. Applicant's seeking Custom Terms should get in touch with us.          

At the Last Section of this page, you will find Video Reviews from recent clients we funded, as well as the Loan Application Form.
Use our fast, dependable, proven capital at competitive rates to make your next project profitable. Our draw process is simple and straightforward to allow you to keep your project on track.

  • Investment Properties Only

  • Close in 7-10 Days

  • We Pay Brokers

  • Higher Leverage with More Experience

  • Nationwide Lending 

 

​ PROPERTY TYPES  

  • Single Family Homes

  • Duplex, Triplex, Quadplex

  • Multi-Family (5+ Units)

  • Condominiums

  • Townhouses

 

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Rates and Terms vary depending on several factors including borrower experience, credit and project size. Get started today to see your loan terms.

 

PROGRAM DETAILS 

 

Terms
Details
Experienced Required
Must Have GC if <3 Builds last 36 Months
Type
Infill & Greenfield Development
Term
12, 18 or 24 Months
ARV
Up to 75%
Loan to Cost (LTC)
Up to 90%
Loan Amount
$200,000 to $10,000,000
Rates
11.99% – 13.99%
Points
2-3%
Payments
Monthly Interest Only (Roll over available)
Loan to Land purchase
Up to 70%

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Construction-to-Permanent Loan

A construction-to-permanent loan combines the features of a construction loan with those of a long-term mortgage. This type of loan allows borrowers to finance the construction of their home and then convert it into a permanent mortgage once the building is complete. Here are the terms for a construction-to-permanent loan:

  • Loan Type: Construction-to-Permanent Loan

  • Loan Duration: Initially 12 months for the construction phase, followed by conversion to a long-term mortgage (typically 15 or 30 years)

  • Interest Rate: Variable rate during construction; fixed or adjustable rate options available upon conversion to permanent mortgage

  • Down Payment Requirement: Minimum 20%, up to 25%

  • Payment Structure: Interest-only payments during the construction phase; regular principal and interest payments after conversion

  • Disbursement Method: Funds disbursed directly to contractor in installments based on project milestones

  • Credit Requirements: as low as 600

  • Collateral: The completed home serves as collateral once converted to a permanent mortgage

  • Approval Requirements: Comprehensive list of construction details (blue book)

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 VIDEO REVIEWS

Video reviews from satisfied borrowers which highlight our commitment to transparency and customer satisfaction.

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 APPLICATION

Submit your Construction Loan Application here. 

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