Construction Loans
Ground-up construction financing for builders and investors
Rates starting At: 8.99%*
Our Construction Loans provide builders and investors the financing they need for ground-up construction and land acquisition.
Key Facts about our Construction Loans
Ideal for build-ready infill, tear down, and spec homes in urban locales
Not for tract home projects or new subdivisions (10+ homes)
Mid-Construction financing options available
Loans available for single family and multi-family properties
12 or 24 month loan term depending on the project plan
Experienced developers with 3+ similar past projects eligible for higher leverage
Foreign Nationals eligible
Ground Up Program
Experienced Developer Program (3+ Similar Past Projects)
Maximum Loan-To-Cost
Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction Max 85% of total project costs LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction Max 90% of total project costs LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
Maximum Loan-To-ARV
Up to 70%
Up to 70%
Recourse
Full Recourse
Full Recourse
Reserves/Escrows
Interest Reserve: Minimum 1 month
Interest Reserve: Minimum 1 month
Experience
Previous real estate experience required: 1-2 ground ups GCs if experience if permits tie to ground ups Guarantors with no experience permitted on a case by case basis
Previous real estate experience required: 3+ similar ground-up builds + heavy rehabs with expansion. Professional development / builder. Guarantors with no experience permitted with experienced guarantor that meets the above experience criteria
Loan Amount
Min: $50,000
Max: $3,000,000
Min: $50,000
Max: $3,000,000
Term Length
12 months, Up to 18 at Lender discretion
12 months, Up to 24 at Lender discretion
Property Count
Min: 1
Max: 2
Min: 1
Max: 10
Permitted Property Types
Eligible:
Non-owner occupied 1-4 unit residential
Townhomes
Condos
Ineligible:
Mixed use properties
5+ unit multifamily properties
Condotels
Co-ops/TICs
Commercial property
Log Homes
Properties subject to oil and/or gas leases
Operating farms, ranches, or orchards
Vacation or seasonal rentals
Rural properties
Eligible:
Non-owner occupied 1-4 unit residential
Townhomes
Condos
Ineligible:
Mixed use properties
5+ unit multifamily properties
Condotels
Co-ops/TICs
Commercial property
Log Homes
Properties subject to oil and/or gas leases
Operating farms, ranches, or orchards
Vacation or seasonal rentals
Rural properties
Over $8 Billion in loans for Real Estate Investors
What Sets This Product Apart
- Purpose-Built for Developers and Investors
Tailored loan solutions that align with the unique needs of real estate developers and investors at every stage of a project. - Land Acquisition Financing Available
Streamline your capital stack with the option to include land acquisition costs as part of the overall financing package. - Flexible Draw Schedule
Access funds on your terms with multiple draws available at your discretion—designed to match your project’s timeline and cash flow needs.
We have the product to meet your needs.
*Rates advertised are the lowest offered. Actual rates and offers may vary based on approval criteria, including but not limited to borrower FICO score, previous experience, period of ownership, etc.