Our comprehensive loan program covers the cost of horizontal development and vertical construction costs on shovel-ready lots.
Take advantage of our fast tracked process enabling clients disbursement to commence in as little as 72 hours. Streamline your construction projects, capitalize on time-sensitive opportunities, and experience the efficiency of 3rd Millennium Capital Funding LLC.
Ready to break ground? 3rd Millennium Capital Funding LLC offers up to 90% LTC on ground-up projects, providing you with the capital you need to start construction without delay. Our streamlined application process and quick approvals mean you can move forward with your plans without unnecessary red tape.
We understand that the cost of acquiring and developing free and clear land can be substantial. That’s why 3rd Millennium Capital Funding LLC offers reimbursement of cost basis to help you recover your initial investment.
Traditional Single Family: We finance standalone single-family home projects in various residential areas, catering to homeowners and developers alike.
Multifamily Apartment Buildings: For those looking to construct multifamily apartment buildings, 3rd Millennium Capital Funding LLC offers the necessary financial support to make your development a reality.
Scattered Site: Whether you’re developing properties spread across different locations, we have the expertise to fund scattered-site projects, enabling you to create a diverse portfolio.
Subdivisions: Our lending solutions encompass subdivision projects, allowing you to transform raw land into residential communities.
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GET QUOTE NOWThe main benefit of a DSCR loan is that it is based on borrower credit and property cash flow, not the borrower’s personal income. DSCR loans are considered to be “low-doc” loans in comparison to conventional loans which require more documentation in order to proceed with the loan.
A conventional loan is often difficult for Real Estate Investors to achieve as they require specific guidelines in order to meet the criteria of Fannie Mae and Freddie Mac. However, a conventional loan is appealing to those who qualify as they may be able to receive a lower interest rate.
In most cases, there’s a 3 month seasoning period for a cash-out refinance. However, depending on factors like loan scope, credit score, and borrower type, it could extend to a longer duration.
For real estate investors who purchased a property free and clear with no liens at closing, we offer a Delayed Purchase Program. This option does not require any seasoning and allows financing based on the original purchase price and rehab costs within the first six months. After that period, investors can refinance using the property’s true loan-to-value (LTV).
No, we do not, only non-owner-occupied residential properties.