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

  • Program includes Line of Credit and Single Loan options
  • Construction loans offer funding up to 95% of construction costs with multiple draws available12
  • Land advances available up to 75% of land value13
  • Individual loan amounts $150K – $3MM
  • Loans available for single family and multi-family properties, including properties up to 20 units
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 line of credit for experienced large volume investors, or single loan option
Interest Rate1

6.99% and up
Minimum Property Value

N/A
Term

12 months, with optional 3 month extension
Borrower Type

LLC, Individual, Corporation, LLP or LP
Maximum Loan-to-Value (LTV)

75% of ARV7
Maximum Loan-to-Cost (LTC)
Cost is purchase price amount.
  • For Line of Credit: 95%8
  • For Single Loan: 85%8
When do we use LTV vs LTC?

Generally, we use the lesser of LTV or LTC calculation
Cash Flow Requirement

N/A
Rehab Financing

N/A

What Makes this Product Stand Out?

  • Product works for developers and investors alike
  • Option to include land acquisition financing13
  • Multiple draws available at borrower’s discretion12
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