New Construction

Overview

New Construction loans provide comprehensive financing for ground-up development and building projects. These specialized loans are designed to support developers, builders, and investors through every phase of the construction process, from initial land acquisition to project completion and permanent financing conversion.

Our construction-to-permanent loan programs offer the flexibility and expertise needed to successfully complete residential and commercial construction projects. With competitive rates, flexible draw schedules, and experienced construction lending specialists, we provide the financial foundation for bringing your development vision to life.

Key Benefits

Construction-to-permanent financing in one loan
Flexible draw schedule based on construction milestones
Competitive interest rates during construction and permanent phases
Expert guidance from experienced construction lenders
Interest-only payments during construction period
No need to requalify for permanent financing
Loan amounts up to $50 million for qualified projects
Both residential and commercial projects eligible
Land acquisition financing available
Professional project management support

Requirements

Detailed construction plans and specifications 
Licensed general contractor with a proven track record
Construction budget and timeline
Building permits and approvals
Minimum 20-30% down payment
Credit score of 660 or higher
Demonstrated construction or development experience
Property appraisal (completed value)
Builder's risk insurance coverage
Adequate liquid reserves for cost overruns

frequently asked questions

FAQ

How do construction draws work?

Construction draws are released based on completed work milestones. Our inspectors verify completion of each phase before releasing funds, ensuring proper use of loan proceeds and project progress.

What happens if construction costs exceed the budget?

Cost overruns are the borrower's responsibility. We require adequate reserves at closing to handle potential overruns. Additional funding may be available, subject to appraisal and qualification.

Can I act as my own general contractor?

Owner-builder projects are considered on a case-by-case basis. You must demonstrate significant construction experience and meet additional qualification requirements.

How long can the construction phase last?

Construction phases typically range from 6-18 months depending on project complexity. Extensions may be available with additional fees if needed due to weather or other delays.

What types of construction projects do you finance?

We finance single-family homes, multi-family developments, commercial buildings, and mixed-use projects. Each project type has specific requirements and loan parameters.

the love FOR FINANCING INVESTMENT PROPERTIES

our mission

People

Delivering transparent, reliable capital solutions that support investor success

Environment

Promoting responsible development that enhances long-term community value.

homes

Financing quality properties that strengthen housing markets.

family

Supporting financial stability through smart real estate investment.

Our absolute passion is funding real estate properties with ease.

Loan Funding Solution