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 90% of construction costs with multiple draws available11
  • Land advances available up to 75% of land value12
  • Individual loan amounts $150K – $2.5MM
  • Loans available for single family and multi-family properties, including properties up to 20 units
  • Single property loans available for borrowers with no real estate investment 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, or single loan option
Interest Rate1
6.99% and up
Loan Amount
$150K - $2.5MM
Term
12 months (standard), with optional extensions
Borrower Type
Individual, LLP, or LLC
MAXIMUM LOAN-TO-VALUE (LTV)7
75% of 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 90% of construction budget, up to 75% of land value
PROPERTY TYPESNon-Owner Occupied:
  • Single Family Residences (SFR)
  • 2-4 unit properties
  • Townhomes
  • Multi-family 5-20 unit properties

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
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