Construction Loans
Ground-up construction financing for builders and investors
- RATES STARTING AT
9.99%
*
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
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Ground Up Program
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Experienced Developer Program
(3+ Similar Past Projects) |
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Loan Amount
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■ Min: $50,000
■ Max: $5,000,000 |
■ Min: $50,000
■ Max: $5,000,000 |
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Property Count
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■ Min: 1
■ Max: 2 |
■ Min: 1
■ Max: 10 |
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Permitted Property Types
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▪ 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 |
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Maximum Loan to Cost
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■ 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 |
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Maximum Loan to ARV
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■ Up to 70%
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■ Up to 70%
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Reserves/Escrows
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■ Interest Reserve:
Minimum 1 month |
■ Interest Reserve:
Minimum 1 month. Minimum 6 months full boat IR funded with initial loan amount for 90% LTC loans |
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Term Length
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■ 12 months, Up to 18 at Lender Discretion
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■ 12 months, Up to 24 at Lender Discretion
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Recourse
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■ Full Recourse
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■ Full Recourse
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Experience
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■ 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 deveopment / builder.
■ Guarantors with no experience permitted with experienced guarantor that meets the above experience criteria |
| Ground Up Program | Experienced Developer Program (3+ Similar Past Projects) | |
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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 |
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Construction Loan
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LOAN PURPOSE
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- 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 |
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LOAN AMOUNT
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$50K - $5MM
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TERM
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12 months (standard), with optional extensions
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BORROWER TYPE
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Entity required
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MINIMUM EXPERIENCE
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Minimum (2) builds and (1) rehab experience required
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MAXIMUM LOAN-TO-VALUE (LTV)
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Up to 70% LTV
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MAXIMUM LOAN-TO-COST (LTC)
COST IS PURCHASE PRICE AMOUNT |
Permitted: up to 75% LTC / Unpermitted: up to 60% LTC
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WHEN DO WE USE LTV VS LTC?
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Generally, we use the lesser of LTV or LTC calculation
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REHAB/CONSTRUCTION FINANCING
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Funding up to 100% construction budget up to % Approved LTV of Total Cost
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FOREIGN NATIONALS
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Not allowed from ineligible country list
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PROPERTY TYPES
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Non-Owner Occupied:
- Single Family Residences (SFR) - 2-4 unit properties - Townhomes - Condos |
Over $8 Billion in loans for Real Estate Investors
- 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.
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