New Construction Loan

Ground-up construction financing for builders and investors

Get Started with a New Construction Loan

Our Construction Loans provide builders and investors the financing they need for ground-up construction and land acquisition.

Key Facts about our New Construction Loans*

Program includes Line of Credit and Single Loan options
Construction loans offer funding up to 90% of construction costs with multiple draws available**
Land advances available up to 75% of land value***

Individual loan amounts $75K – $3MM
Loans available for single family and multi-family properties, including properties up to 30 units

Interest Rate	6.99% and up
Term	12 months, with optional 3 month extension
Borrower Type	Individual, LLC, Corporation, LLP or LP
Maximum Loan to Cost Cost is construction costs, not including land acquisition.	90% of construction costs
Maximum Land Acquisition Financing	75% of land value***
Transaction Type	Purchase or Refinance

What Makes this Product Stand Out?

Product works for developers and investors alike
Option to include land acquisition financing***
Multiple draws available at borrower’s discretion**

Learn More | View PDF

All fields required.

Get Started

Name*
First Last
Email*
Phone*
By submitting your phone number, you expressly consent to authorize Finance of America Commercial to contact you at the number you provide with information about our loan products and to continue your application. Calls may be made using automated dialing and other phone technology. You do not need to consent to receive calls as a condition of receiving services from us. Please call us at 800.227.8107 if you do not wish to submit this form. By completing this form, you agree to receive offers, promotions and other email messages from Finance of America Commercial. You may unsubscribe at any time.

*Loans are subject to investor and business credit approval, appraisal and geographic location of the property and other underwriting criteria. Loan amounts and rates may vary depending upon loan type, LTV, verification of application information and other risk based factors. Application fees, closing costs and other fees may apply.
**Inspection fees apply per inspection.
***Land must be already improved/developed for use (i.e., ready for utilities and plumbing.) All applicable building permits must be submitted; if building permits not submitted, funding limited to 60% of lower of land value or purchase price.