New River Hard Money Loans
Acreage, wells, septic and owner-builders. New River is where we funded one of our favorite construction loans.
- Loan size
- $50K–$25M
- Position
- First deed of trust
- Term
- 6–24 months
- Structure
- Interest only
- Where
- Arizona only
Pricing is set deal by deal, on the property, the leverage and the plan. Call and we will talk about your numbers.
New River is unincorporated desert north of Phoenix along the I-17: acreage, custom and owner-built homes, and land held for the right plan. It is also where one of our construction loans shows how we like to lend.
An owner-builder in the New River area came to us with land owned free and clear and a ground-up plan. We funded $485,000 at 59.5 percent of the finished value. His draws advanced ahead of each phase, a local inspector confirmed progress, and he never floated a phase out of his own pocket.
What we look at on a New River hard money loan
- County permits. New River is unincorporated, so permits run through Maricopa County rather than a city.
- Wells, septic and access. Each is part of the property’s value and the finished home’s resale.
- The builder. An ROC-licensed contractor or you as an owner-builder. We underwrite the team along with the numbers.
Call (480) 783-8800 with the address and your numbers, or send a Quick Quote.
Loan figures are program ranges. Every deal is priced on its own fundamentals. This is not a commitment to lend.
Construction Loans
Ground-up capital that moves with your build. Draws advance before the work starts, and the structure is shaped around your schedule.
View programLand Loans
Land financing starts with the parcel and your plan for it. We have underwritten Arizona land since 1992.
View programResidential Loans
Capital for the investment house between where it is and where you are taking it. Purchase, cash out, or reposition. Investment property only.
View programDo you make hard money loans to owner-builders in New River?
Yes. We fund owner-builders as well as ROC-licensed contractors, and our New River example was an owner-builder.
I own my New River land free and clear. What can you fund?
Up to 100 percent of hard costs, because the land is the equity in the deal. Draws advance before each phase.
Do you lend on raw acreage in New River?
Yes. We price access, water, utilities and your plan for the parcel. Residential land runs up to 70 percent of value.