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

  • Ideal for build-ready infill, tear down, and spec homes in urban locales
  • Not for tract home projects or new subdivisions (10+ homes)
  • Mid-Construction17 financing options available
  • Loans available for single family and multi-family properties
  • 12 or 18 month loans terms
  • Foreign Nationals eligible
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
Loan Amount
$100K minimum
Single Unit up to $1MM / Multi-Unit (2+) up to $1.5MM
12 months (standard), with optional extensions
Borrower Type
Individual or Entity
Minimum Experience
Minimum (1) New Construction experience for max leverage or (1) Fix & Flip experience for reduced leverage. Experience is based on a 36 month lookback period.17
Single Unit: up to 70% LTV / Multi-Unit (2+): up to 65% LTV
Single Unit: up to 85% LTC / Multi-Unit (2+): up to 80% LTC
Generally, we use the lesser of LTV or LTC calculation
Funding up to 100% construction budget up to % Approved LTV of Total Cost
Foreign Nationals
  • Not allowed from ineligible country list
  • Limited to: 80% LTC / 65% LTV max
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 15

What Makes this Product Stand Out?

  • Loans designed for developers and investors alike
  • Option to include land acquisition financing10
  • Multiple draws available at borrower’s discretion11
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