New Construction Loans
Fund land and build costs • Draw schedule • 12-24 month terms
Financing for Builders and Developers
Our new construction loans fund ground-up residential projects for experienced builders. We provide land acquisition and construction financing with a draw schedule tied to completion milestones.
Eligible Construction Projects
We finance quality residential construction projects with solid plans
Project Types
- Single-family spec homes
- Custom residential builds
- Multi-family development (2-4 units)
- Townhome projects
- Light commercial construction
Project Requirements
- Detailed construction budget
- Licensed and insured contractors
- Approved plans and permits
- Viable exit strategy
- Strong local market
Who Qualifies for Construction Loans
Our construction loans are for experienced builders and developers with a proven track record of successful projects.
Experience Required
2+ completed construction projects
Licensed Contractor
GC license or contract with licensed GC
Project Budget
Detailed timeline and cost breakdown
Adequate Reserves
12+ months liquidity recommended
What We Evaluate
We assess builder track record and experience, project feasibility and budget, exit strategy (presale, spec sale, or refinance), contractor qualifications, and market demand with comparables.
How Construction Draws Work
We fund your construction in stages as work is completed, protecting both you and us throughout the build process.
Initial Draw
Land acquisition (if needed) and permits
Foundation
Slab or foundation completion
Framing
Rough framing and roof
Mechanical
Electrical, plumbing, HVAC rough-in
Drywall
Interior finishing begins
Final
Certificate of occupancy and completion
Each draw requires inspection by our approved inspector to verify completion before funds are released. Typically 24-48 hour turnaround once inspection is complete.
How to Get Construction Financing
From project evaluation to breaking ground
Submit Application
Project details, budgets, plans, and builder info
30 seconds
Project Review
We evaluate feasibility, costs, and exit strategy
3-5 days
Approval & Terms
Loan terms and draw schedule established
5 days
Closing
Fund land acquisition and begin construction
10-14 days
Draw Management
Submit requests as milestones are completed
Throughout build
Ready to Fund Your Construction Project?
Get started with a project evaluation and financing consultation. We'll review your plans and provide terms within 5 business days.
All loans subject to project evaluation, contractor qualification, and borrower experience. Rates and terms vary by project scope and location.