Invest in New Construction

Invest in New Construction with Sun State Developments.

  • First position mortgage only
  • 9-12% interest; 3 points origination ($3,000 minimum)
  • Interest only payments with a 24 month balloon; 0% pre-payment penalty
  • Deferred Interest Payment option available.
  • Must have a minimum of 20% of project cost (land & building cost)
  • Appraisal / Survey required on all property.
  • Loans from $50,000 to $3,000,000
  • Builders risk and/or hazard policy naming you the investor.
  • Licensed G.C on staff
  • All mortgage reserves held in Escrow and released according to draw schedules & Inspections.
  • In-House Realty, Mortgage & Title Services

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Contact Us Today: (352) 434-2562