NEW CONSTRUCTION
New construction are short-term loans used to finance the building or renovation of a home or real estate project. The initial draw will be calculated based on the As-is Value of the Property and the renovation budget will be advanced in construction draws.
Standard Loan Terms
Max Loan Amount: $5,000,000
Max LTV (Loan to Value): 70%
Rate: Starting at 9.99%
Term of loan: 12-24 months
Payments: Monthly Interest Payments with Balloon at Maturity
Prepayment penalty: None
Standard Closing Costs
Max Loan Amount: $5,000,000
Max LTV (Loan to Value): 70%
Rate: Starting at 9.99%
Term of loan: 12-24 months
Payments: Monthly Interest Payments with Balloon at Maturity
Prepayment penalty: None
Property Types
Max Loan Amount: $5,000,000
Max LTV (Loan to Value): 70%
Rate: Starting at 9.99%
Term of loan: 12-24 months
Payments: Monthly Interest Payments with Balloon at Maturity
Prepayment penalty: None
Standard Requirements:
Max Loan Amount: $5,000,000
Max LTV (Loan to Value): 70%
Rate: Starting at 9.99%
Term of loan: 12-24 months
Payments: Monthly Interest Payments with Balloon at Maturity
Prepayment penalty: None
Standard Closing Time
Max Loan Amount: $5,000,000
Max LTV (Loan to Value): 70%
Rate: Starting at 9.99%
Term of loan: 12-24 months
Payments: Monthly Interest Payments with Balloon at Maturity
Prepayment penalty: None
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FAQ
Do you make personal loans
We do not make personal loans, only for real estate investment.
What kind of real estate loans do you make?
RBI finances real estate investments, both the purchase of properties for rent or second residence, as well as renovations for subsequent resale. We also finance the real estate development
What is the interest rate and loan term?
Usually, loan rates are 9% and 1.75% points. Loan terms are 12-36 months
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