Completion Loans
How to Get Your Project Across the Finish Line
Perhaps your build went long, and your current lender is happy to extend at terms that aren’t favorable to you, or your bottom line. Or maybe you want to refinance to improve your rate and terms, or you’ve been using cash and need to pull some back out. You could even be buying a project a different builder started, but was unable to finish. Whatever the reason, we can help. Our construction-completion loans give you the time you need to complete your project, at a cost and timeframe that works for you.
Loan Parameters
Loan Limit:
$100K-10 million (Total loan amounts/cash to close vary by deal)
Start Restrictions:
None
Credit Limits/Deposit
None
Requirements:
Total Loan to Cost:
Up to 85%
Total Loan to Finished Value:
Up to 70%
Typical Loan Term:
12 - 24 months
Property Types:
Single family residential, model or spec homes, low rise multi-family, infill, teardown, subdivisions, finished lot bridge loans
Permits:
In-Hand
You can’t always control the circumstances that delay your builds. But what you can control is the cost of the money you borrow. Call us and let’s talk about how we can develop a winning solution for you.
Get A Quick "No-Hassle" Term Sheet
Our Relationships Speak
The reputation of our clients speaks volumes. Our average client has completed 237 builds, with some having built over 5,000 homes. These are builders who can get funds anywhere. Yet, they choose us again and again.
3,400
Projects funded
$2.6 B
Funded
95.3%
Repeat clients
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Sound Capital Loans, LLC (“Lender”) and its affiliates (collectively, “Sound Capital”) originates business purpose loans. Loans are for business purposes only and not for personal, family, or household use. This does not constitute a commitment to lend. All loans must satisfy Lender’s underwriting guidelines and due diligence.
Loan amounts, interest rates and costs presented are for informational purposes only and are subject to change without notice and at Lender’s discretion until such time a definitive agreement is duly executed by Lender and Borrower (and any other applicable parties). Other conditions may apply.
Sound Capital Loans, LLC (NMLS ID# 1965455), and certain employees, perform acts for which a license is required; see Licensing Page for details.