New Construction Property Loans

Experience builder or looking to fund up to 15 projects at once?  Click here to learn more about our Builder Financing program.

Grow your investor business.  Funding for ground-up and mid-construction projects.  Short-term business purpose loans to finance construction of residential and small multi-family properties on build-ready lots in urban locations.  Ideal for residential urban infill builders doing tear downs and spec homes.  These loans are not intended to finance owner-occupant borrowers or production builders in new subdivisions with greater than 10 homes.  We offer builder financing which can fund up to 15 projects at once.

  • Limited to infill, tear down & spec homes
  • 85% LTC | 70% LTV Single Unit property loans up to $1MM
  • 80% LTC | 65% LTV Multi-Unit (2+) property loans up to $1.5MM
  • Property loan-level liquidity verification 
  • Build-ready lots in urband locales
  • Not for Tract Home Projects or New Subdivisions (10+ homes)
  • 12 or 18 month property loan terms
  • Minimum 620 FICO
  • SFR, 2-4 unit, condos, multi-family, and mix-use properties eligible

New Construction Loan Highlights

Minimum Experience

1 New Construction property built or 1 fix & flip rehab completed and sold or stabilized within a 36 month lookback period

Minimum Credit Score

620 FICO

Individual Loan Size

Single Unit: $100k - $1mm | Multi-Unit (2+): $100k - $1.5mm

Exposure Limit Amount

$500k - $10MM

Max Loan-to-Value (ARV LTV)

Single Unit Max 70% | Multi-Unit (2+) Max 65%

Max Purchase Loan (LTC) Single Unit Max 85% | Multi-Unit (2+) Max 80%
Construction Holdback Up to 100% of construction budget
Borrower Type Individuals and entities (LLC, Corp), Foreign Nationals Eligible
Eligible Properties Non-owner occupied: SFR, 2-4 units, Condos, Multi-family, Mixed-Use
Loan Term 12 months standard, interest-only with fixed rate | 18-month option available