New build financing

Ground-Up Construction Loans

Flexible construction capital, structured around the builder's strategy.

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85% of cost + 100% constructionCost / Construction Funding

12–24 Month TermsTerm

Loans up to $5MMaximum Loan

Construction financing that adapts to different use cases depending on the specific needs and strategy of the builder. Interest-only payments during the construction period keep carrying costs down while the project is still producing no income.

A ground-up construction loan funds a building that does not exist yet, so it is underwritten against a set of plans and a budget rather than against a standing asset. Money is released in draws tied to completed stages — foundation, frame, dry-in, finishes — with an inspection before each one. The builder funds the work and gets reimbursed, which is why a realistic schedule of values matters as much as the total number.

Leverage is quoted two ways at once and both apply: a percentage of total project cost, and a percentage of the construction budget. The first sets how much equity the sponsor brings; the second determines how much of the build itself the loan carries. Land already owned free and clear frequently counts toward the equity requirement, which is what lets a builder who has been banking lots start a project without writing a large check.

Payments are interest-only during construction and accrue only on what has been drawn, so carrying costs start small and grow with the building. That is deliberate: there is no rent and no sale until the certificate of occupancy, and an amortizing payment from month one would have to come out of the sponsor's pocket.

Expect to provide permitted plans, a line-item budget, a builder's risk policy, the contractor's license and completed-project history, and an exit — either a sale or a take-out loan lined up for when the building is finished. The lender will require first lien position on the land.

When this loan fits

Building on land you already own, where the lot counts toward the equity requirement.
Starting a project without writing a large check up front.
Financing a build where income only begins at the certificate of occupancy.
Taking a lot you have been banking into permits and construction on a known schedule.

Program terms

These are the figures we publish today. Final terms depend on the property, the sponsor and the structure.

Maximum Loan: up to $5,000,000
Cost / Construction Funding: up to 85% of cost, 100% of construction
Term: 12–24 months
Payments: Interest-only during construction
Lien Position: First lien only

What you need to apply

Nothing here is a surprise later. If something is missing we will tell you on the first call.

Permitted plans — approved, not pending.
A line-item budget with a realistic schedule of values.
A builder's risk policy.
The contractor's license and a history of completed projects.
A defined exit — a sale, or a take-out loan lined up for completion.
First lien position on the land.

Eligible properties

Single-family residential
Condominium
Townhome
Non-owner occupied

Common questions

How does the money actually come out?

In draws tied to completed stages — foundation, frame, dry-in, finishes — with an inspection before each one. You fund the work and get reimbursed, so you need working capital available to stay ahead of the schedule.

Two leverage numbers are published. Which one applies?

Both, at the same time. One is a percentage of total project cost and sets how much equity you bring; the other is a percentage of the construction budget and sets how much of the build the loan carries. The deal has to clear both.

Does land I already own count as my equity?

Frequently, yes, if it is owned free and clear. That is what lets a builder who has been banking lots start a project without a large cash contribution.

What do I pay during construction?

Interest only, and only on what has been drawn. Carrying costs start small and grow with the building. That is deliberate: there is no rent and no sale until the certificate of occupancy, so an amortizing payment from month one would come out of your pocket.

Figures shown are current published parameters and are not an offer or commitment to lend. Availability, pricing, leverage and timelines vary by property, sponsor experience and market conditions.

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