Loan programs · New Construction
New Construction
For operators building new single-family or small-multifamily construction on lots you own or are acquiring. We fund the land, construction budget, and soft costs in draws.
- Land + hard + soft costs, all in one loan
- Draws tied to construction milestones
- Up to 65% LTV of completed value
Typical scenario
Typical scenario
Terms at a glance
New Construction terms
- Loan-to-value
- Up to 65% of completed value
- Term
- 12 months (extensions available)
- Property type
- Single-family and small-multifamily new builds
- Draws
- Milestone-based
- Interest
- Daily-accrual on drawn balance, paid monthly
- Permits
- Required before closing or first draw
How it works
Getting funded on a new construction
- 1
Submit the deal
Send plans, budget, permits, and expected completion date.
- 2
Full underwriting
Borrower experience matters more here — we look for a track record on similar builds.
- 3
Close & first draw
Close on the loan; first draw funds land + initial site work.
- 4
Draws & payoff
Milestone draws through completion; payoff on sale or refi.
Program FAQs
Questions about New Construction
Yes — we can include the land acquisition in the loan when it fits inside the 65% LTV of completed value.
For ground-up we like to see at least one prior completed build; less-experienced borrowers may partner with a proven builder.
Related programs
Not quite what you need?
Fix & Flip
Short-term capital to buy, renovate, and resell an investment property.
Bridge Loan
Fast capital to close on a property while long-term financing catches up.
Rental Refinance
Refi capital to cash out a stabilized rental — or take out an existing rehab loan.
Ready to fund this deal?
Send us the basics and we'll come back with a term sheet inside 24 hours.