Ground-up construction loans, up to 85% of cost.
Single-family homes, townhomes and small multifamily. Lot and vertical construction in one loan, interest-only while you build.
For active investors and small builders.
Get your same-day term sheet
A few quick questions. No credit pull.
The land
Tap one.
Program snapshot*
- Loan size
- $200K-$10M
- Max LTC
- 85%
- LTV at completion
- 70%
- Term
- 12-24 months
- Draws
- In phases
* Subject to underwriting. Terms as of November 2026.
See loan detailsWhat you get
- Lot and vertical construction in one loan
- Up to 85% LTC. Up to 70% LTV at completion.
- Interest-only during construction
- Funds released in phases as each stage passes inspection
- Single-family, townhomes, 2-4 units and small multifamily infill
- Sell at completion or refinance into a DSCR loan
- Builder experience required, or an approved builder partner
Term sheet
Same day
Who it's for
- A small builder starting 1 to 20 homes a year
- Building homes or townhomes on infill lots in established areas
- Holding lots with approved plans and permits
Construction funds are released in phases
A construction loan isn't wired all at once. The budget is split into phases that follow the build.
Each phase is funded once that stage is complete and inspected.
You draw what the current phase needs. The next phase is funded when the work is verified.
The phase schedule is set before closing, from your plans, budget and builder.
Typical build phases
- Foundation
- Framing and roof
- Rough-ins: plumbing, electrical, HVAC
- Drywall and interior
- Finishes and certificate of occupancy
Example only. Your phase schedule is set per project.
From request to funded
Send the project
Lot status, plans, budget, builder and as-completed value.
Same-day term sheet
Rate, leverage and draw schedule, the same day.
Close and build
Close in 21-30 days. Funds released in phases as each stage is inspected.
Frequently asked questions
How much can I borrow for new construction?
Up to 85% of the total cost (land and build), and up to 70% of the as-completed value.
Is the lot included in the loan?
Yes. The lot and the vertical construction are financed in one loan.
How are construction funds released?
In phases. Each stage is inspected, then the next draw is released. Payments are interest-only during construction.
Do I need building experience?
Yes, or an approved builder partner on the project.
How fast can a construction loan close?
Usually 21-30 days. The term sheet, with the draw schedule, comes the same day.
What happens when the build is finished?
Sell the property, or refinance into a 30-year DSCR loan and keep it as a rental. The construction loan term is 12-24 months.
Sources
Related
Ready to price your deal?
Term sheet the same business day. No hard credit pull.