Loan Program
New Construction
Construction loans fund the vertical build of a project in stages (draws) as work is completed and inspected. We place ground-up loans for single spec homes through multi-lot phases, with lenders that understand builder timelines.
Typical Terms
| Loan-to-cost | Up to 85–90% of total cost |
| Loan-to-value | Up to 70–75% of completed value |
| Term | 12–24 months, extensions available |
| Rate | Interest-only on drawn balance |
| Recourse | Full recourse typical; non-recourse for larger sponsors |
| Draws | Monthly, inspection-based |
Terms shown are typical ranges, not a commitment to lend. All financing is subject to lender underwriting and approval.
Who This Fits
- Builders with plans, permits and a budget ready
- Spec builders wanting to run several projects at once
- Developers building out lots they already own
What Lenders Look For
- Builder experience and completed projects
- A finalized budget with contingency
- Signed GC contract (or licensed builder-owner)
- Clear exit: sale contract, appraisal or takeout loan
- Liquidity to cover interest reserve and cost overruns
Documents Checklist
- Construction budget and draw schedule
- Plans and specs
- Permits or permit status
- Purchase contract or deed for the lot
- Personal financial statement and experience resume
- Sources & uses