Apex’s New Construction loans offer interest-only financing with fast due diligence and closing. Our 13-month standard term has competitive rates, and non-recourse loans are available.
Apex’s single-close Build2Rent loan is ideal for build to hold investors. Close once with an interest-only construction term and then convert the loan into permanent financing. Rates are fixed during the construction period, with interest only on drawn balance. Rates for the rental loan float until conversion, and you can choose ARM and prepayment term options. Save time and money with one close, with the security of knowing permanent financing is in place.
Apex is your single stop for any construction loan, from origination to construction draws to servicing. Our in-house construction management team ensures fast draw approvals, and our servicing team supports you every step of the way.
Loan Purpose: Includes spec builds and model homes
Term: 13-, 19-, or 24-months
Interest Only: Yes
Interest Rate: As low as 8.5
Interest Rate on Undrawn Rehab Funds: 0%
Non-Recourse Available: Yes
Leverage: Up to 90% LTC and up to 70% LTV
Fast due diligence and closing