New Mexico Construction Lenders for Residential Investment Property
Are you building a residential investment property in New Mexico? On this page you'll find a list of private construction lenders for ground-up projects throughout New Mexico's urban areas. The maximum loan-to-completed value (LTCV) for most lenders in New Mexico is 70%. You typically need to contribute 20%-25% of the project costs and have some cash reserves. Development experience is almost always required. Most lenders will require the project to be fully entitled and shovel ready. A small percentage of lenders will consider land acquisition and/or horizontal financing. The lenders listed here can fund a single home build, or a development with multiple homes. We have a separate page for lenders that offer ground-up construction financing for commercial properties.Displaying 0 Results
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$500,000 - $5,000,000
6 to 24 months
10.00% - 14.00%
1.00% - 4.00%
$75,000 - $7,000,000
12 to 360 months
7.00% - 12.99%
1.00% - 4.00%
$75,000 - $2,000,000
6 to 12 months
9.90% - 12.90%
1.50% - 3.00%
$75,000 - $20,000,000
13 to 360 months
7.20% - 12.10%
0.25% - 2.50%
$75,000 - $50,000,000
12 to 360 months
1.00% - 2.00%
$100,000 - $2,500,000
12 to 23 months
9.99% - 12.99%
1.50% - 3.00%
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