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 Loans1

  • Construction loans offer funding up to 100% of construction costs with multiple draws available11
  • Land advances available up to 75% of land value12
  • Individual loan amounts $100K – $2MM
  • Loans available for single family and multi-family properties, including properties up to 20 units
  • Exposure Limit options available for borrowers with zero experience
New Construction Loan
Loan Purpose
  • Ground-up construction loans for developers and investors building 1-5 properties at a time
  • Lot financing can be included, if lots are in build-ready condition
  • Program includes exposure limit (LOC) for experienced large volume investors, with options for inexperienced investors
Interest Rate1
6.75% and up
Loan Amount
$100K - $2MM (max $500k for inexperienced investor)
Term
12 months (standard), with optional extensions
Borrower Type
Individual or Entity
MAXIMUM LOAN-TO-VALUE (LTV)7
Up to 75% of After Repair Value (ARV)
MAXIMUM LOAN-TO-COST (LTC)
COST IS PURCHASE PRICE AMOUNT8
90%
WHEN DO WE USE LTV VS LTC?
Generally, we use the lesser of LTV or LTC calculation
REHAB/CONSTRUCTION FINANCING11
Funding up to 100% construction budget up to % Approved LTV of Total Cost
PROPERTY TYPESNon-Owner Occupied:
  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Multi-family 5-20 unit properties
  • Mixed-use
  • Detached or townhouse style condos

What Makes this Product Stand Out?

  • Product works for developers and investors alike
  • Option to include land acquisition financing10
  • Multiple draws available at borrower’s discretion11
Learn More | View PDF
All fields required.
Get Started

  • 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.