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New Construction Loans

Ground-up financing for residential and small commercial projects—build from scratch with confidence.
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What Is New Construction Financing?

New construction loans provide capital to purchase land and fund building costs for ground-up residential or small commercial projects. Funds are released in draws tied to construction milestones, ensuring builders and investors have capital when they need it.

Ground-Up

Land acquisition + construction in one loan

Draw Schedule

Funds released at project milestones

Licensed Builder

Licensed GC or approved contractor required

Typical Terms

Loan Amount

$100,000 - $10,000,000

Interest Rates

Starting at 6.75% APR

Time to Fund

7-30 business days

Term Length

12 months + extensions available

Down Payment

15-20% of total project cost

Draw Schedule

4-6 inspections; interest-only during construction

* Rates and terms shown are typical starting points and vary by project scope, credit profile, and documentation.

What We Finance

  • Single-family and small multi-family (2-4 units)
  • Spec homes for resale
  • Small commercial and mixed-use projects
  • Infill and subdivision development

Eligibility Requirements

  • Personal credit score ~620+ preferred
  • Verifiable income or investor capital
  • Liquid assets equal to 10%+ of loan amount
  • Licensed general contractor or builder
  • Approved building plans and permits (or in-process)

Required Documents

  • Government-issued ID
  • Detailed construction budget and timeline
  • Building plans and specifications
  • Building permits or proof of application
  • General contractor credentials and insurance
  • Draw schedule and inspection plan
Request Draw Schedule Review