New Home Construction Loans
We provide financing to small and medium-sized home builders for both speculative and pre-sold homes. Our process includes complete end-to-end solutions from financing to vendor payment management. The cost of land can even be included in the project. Medallion Funds has partnered with various lenders to allow you a builder to build faster and grow your business, simply using our revolutionary apps. This frees you up from office administration to do what you do best – build homes.
Our three step process makes procuring construction financing easy. Simply;
- Through our market place and strong lending relationships we provide builders with capital for projects, as well as:
- Competitive pricing and terms with a possible three-week close
- Improvements to current bank lines
- Funding for multiple projects once fully approved
- One-time streamlined builder approval process with annual updates
- Our services are designed to support residential construction builders with single-family residences, duplexes, and 1-4 multi-family projects.
- Subcontractors and suppliers are paid directly. Most invoices are paid weekly which increases the reliability of job completion dates and reduces overall project costs.
- Our back-office system and processes can save builders an average of 3% to 5% per project, resulting in superior underlying asset quality properties.
- Our Lender’s back office system provides 24/7 technology access on all projects, with mobile capabilities.
- The streamlined processes improve project efficiency and timely completions.
- From the builder or developer’s perspective: build times, project costs and back office efficiencies are improved.
- Medallion Funds helps you manage your budget while you focus on building!