From plans to progress.
Ground-up construction financing with clear terms, responsive execution, and a partner who understands what it takes to build.
Discuss Your Project8.99%Rates starting at
Up to 90%LTC
Up to 70%ARV
$50K–$3MLoan size
New Construction Program
- Maximum Loan-To-Cost
- Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction
- Max 90% of total project costs
- LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
- Maximum Loan-To-ARV
- Up to 70%
- Recourse
- Full Recourse
- Reserves/Escrows
- Interest Reserve:
- Minimum 1 month
- Experience
- Previous real estate experience required: 1-2 ground ups
- GCs if experience if permits tie to ground ups
- Guarantors with no experience permitted on a case by case basis
- Loan Amount
- Min: $50,000
- Max: $3,000,000
- Term Length
- 12 to 24 month loan terms available
- Property Count
- Min: 1
- Max: 10
- Permitted Property Types
- Eligible:
- Non-owner occupied 1-4 unit residential
- Townhomes
- Condos
- Ineligible:
- Mixed use properties
- 5+ unit multifamily properties
- Condotels
- Co-ops/TICs
- Commercial property
- Log Homes
- Properties subject to oil and/or gas leases
- Operating farms, ranches, or orchards
- Vacation or seasonal rentals
- Rural properties
A clear path to your next build.
Plan
Discuss your project and review terms.
Approve
We underwrite and issue your commitment.
Build
Draws follow progress through completion.