New Construction Loans

Ground-up build financing with phased draws aligned to your construction timeline.

What Is a Construction Loan?

A new construction loan provides the capital to build a property from the ground up. Unlike a traditional mortgage, construction loans are disbursed in stages—called draws—as building milestones are reached. This protects the lender while ensuring you have the capital to keep your project moving forward.

Private construction loans offer significant advantages over bank construction financing: faster approvals, fewer bureaucratic hurdles, and the flexibility to work with experienced builders who may not fit the rigid requirements of institutional lenders.

Who Uses Construction Loans?

01

Spec Home Builders

Builders constructing single-family homes for sale. Build, finish, sell, and repeat—with capital that keeps pace.

02

Infill & Lot Development

Developers building on vacant lots in established neighborhoods, including townhomes and small subdivisions.

03

Tear-Down & Rebuild

Investors who purchase obsolete structures, demolish them, and build new construction on the same lot.

04

Multi-Family & Mixed-Use

Developers building small apartment buildings, mixed-use properties, or ADUs who need flexible project-based financing.

Typical Loan Parameters

Construction loan terms vary widely depending on the project scope, location, and builder experience. These ranges reflect what's common across our lending network.

Loan Term
12 – 24 months
Loan-to-Cost
Up to 80–85% LTC
After Completion LTV
Up to 70% of completed value
Draw Schedule
4–6 draws typical
Payment Structure
Interest-only on drawn balance
Project Types
SFR, Townhomes, Multi, Mixed-Use, ADU

The Construction Draw Process

Plans & Budget

Submit your construction plans, detailed budget, and project timeline. The lender reviews feasibility and approves the draw schedule before closing.

Milestone Draws

As each phase is completed—foundation, framing, mechanicals, finishes—you request a draw. An inspector verifies the work and funds are released.

Completion & Exit

Once the build is complete, you sell the property, refinance into permanent financing, or begin leasing—depending on your strategy.

Why Work With Us

Builder-Friendly Lenders

Our network includes lenders who specialize in ground-up construction and understand the unique timeline and draw requirements of new builds.

Flexible Structures

From single-lot spec homes to multi-unit developments, we find financing that fits your specific project scope and exit strategy.

Transparent Process

We manage the lender matching and underwriting process, keeping you informed at every step from application to first draw.

Have a Build in Mind?

Submit your project details and we'll connect you with construction lenders from our network.

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