New Construction Loans Philadelphia, PA
National Non-Bank Private Lender. Great Rates. Fast Closings. Speak with a Local Lender.
LendingOne – Best New Construction Lenders Near Philadelphia
LendingOne is an Philadelphia private money lender offering short-term mortgage loans to real estate investors in Allentown, Erie, Philadelphia, Pittsburgh. Get a private money loan for a property purchase, refinance, equity cash out, rehab or new construction purchase.
New Construction Lenders Up to 85% of Project Cost
LendingOne New Construction Loans can provide the cash you need to grow your real estate investment property portfolio:
- Competitive financing for investors, builders and developers for the acquisition, development, or construction of ground-up properties
- Fast approvals and closings for new construction projects
Advantages of our New Construction Loans in Philadelphia
- Loans from $250K to $10M
- 12-24 Month Interest Only
- Spec Development Allowed
- Fast Approvals and Funding
- Interest Reserves Can Be Built In
Ready to get started on your new home construction loan? Get ahead of the competition in the Philadelphia real estate market.
Speak to a New Construction expert today by calling 866-918-1974
New Construction Lenders Near Philadelphia, PA
Our New Construction Loans are perfect for real estate investors, builders and developers seeking competitive financing for the acquisition, development, or construction of ground-up projects. Working with LendingOne for new construction projects gives investors near Philadelphia, PA the flexibility and capital to cover up to 85% of the project cost from single-family homes to larger multifamily properties.
New Construction Loan Terms Philadelphia
- Up to 85% of Project Cost
- Loans from $500k to $5M
- 12-24 Month Term – Interest Only
- Spec development allowed
- Redevelopment, conversion and condo loans also permitted
- Negotiable release prices on multi-asset projects
- Interest Reserves can be built in
- Nationwide Footprint
- Fast approvals and funding since we are a non-bank
- Eligible Properties: Single-family detached, condos, townhomes, multi-family
Philadelphia New Construction Real Estate Market
Median Listing Prices for New Construction Properties in Philadelphia, PA
Real estate investors looking to purchase or sell new construction properties in Philadelphia, PA should consider analyzing the median listing prices of homes in the area. This allows investors to calculate whether there is enough margin for profit once all purchase costs and necessary repairs have been totaled before either selling the property again or holding it as a long-term rental investment. Rising prices in Philadelphia, PA can indicate it is a seller’s market where demand for properties is high enough that sellers can increase their asking prices on new construction properties, and successfully close with that asking price. Alternatively, a market where prices have decreased could indicate a buyer’s market.
Median Inventory Data for New Construction Investment Properties Philadelphia, PA
The number of properties available on the market in Philadelphia, PA is another great indicator of that area’s popularity and potential profitability. Usually, minimal inventory means demand is high for that area. If properties are not vacant for long, there is probably a reason why people want to live there and new construction investors should take note of these factors when deciding if they should purchase a property in Philadelphia, PA.
Average Days on the Market for New Construction Properties in Philadelphia, PA
The length of time a property sits on the market can help new construction investors understand the supply and demand in Philadelphia, PA. Shorter days on the market mean people are buying up or renting out homes at a faster rate. Alternatively, properties sitting vacant for longer periods of time can either mean asking prices are too high in Philadelphia, PA, or there may be reasons why the area is not attracting enough buyers or renters interested in living there.
Driving Factors for the Philadelphia Real Estate Market
Education: Philadelphia is home to one of the highest educated workforces in the country, greatly due in part to the surrounding top ranking schools in the Philadelphia, PA area.
Economy: Philadelphia‘s top employers are driving growth in the real estate market including General Hospital.
Businesses: According to the Philadelphia Chamber of Commerce, Leisure & Hospitality, Professional & Business Services, and Education & Health Services have seen high job and wage growth.