New Construction
A new construction loan is short-term financing that covers the cost of land, labor, and materials for building a property until completion and refinancing or sale.
First-time investor or seasoned pro – we're at your side.
Rates & Terms
$100K - $20M
Loan Amount
12-24 Months
Construction Term
90% LTC
Max Financing
10.25%
Starting Rate
Program Details
Loan Features
- Interest Rates: Starting at 10.25% (Non-Dutch / As-Disbursed)
- Loan Amounts: $100k to $20M
- Eligible Property Types: All non-owner occupied real estate
- Loan Terms: 12, 18, or 24 months
- Loan to Cost (LTC): Up to 90% of Total Cost Basis
- Loan to After Repair Value (LTARV): Up to 75%
- Minimum Credit Score: 660 FICO
- Additional Perks: Photo Inspections | Advanced Construction Draws
Requirements
- Minimum 660 credit score
- No experience required
- Detailed construction budget
- Builder's risk insurance
- GC Verification
- Adequate cash reserves
- Planned exit strategy
How It Works
Pre-approval and Funding
Submit plans and the line item budget; we'll order the appraisal and fund your loan in a timely manner.
Build
Complete your construction project with draw advances as you reach milestones.
Draw Requests
Request draws as work is completed. Our team processes draws quickly.
Exit
Refinance to permanent financing or sell the property upon completion.
New Construction — frequently asked questions
Direct answers to the questions investors ask most about this program.
Looking for more? Browse all real estate lending answers.
Ready to Get Started?
Let our loan specialists help you find the perfect financing solution for your investment.