03/31/2026
M1 Capital Corp’s SPEC Construction Financing is designed to provide loans to builders, developers or real estate investors for the construction of a model, SPEC home, multifamily and/or condo project.
• Loan amounts from $500,000 to $10,000,000.
• Loan amounts of up to 70% Loan to Cost (higher on case by case basis).
• 12-24 month construction terms.
• Fast per-qualification, typically within 3 to 5 business days.
• Flexible draw schedules.
• Full income documentation, self-employed and limited income programs also available.
• Land purchase may be included in the construction loan. Please call for quote.
• Interest only payments based on funds advanced.
• Loans are available to borrowers with excellent to less than perfect credit.
Contact M1 Capital today to learn more: https://www.mortgage1.com/