New Construction Loans

Construction funds are disbursed in stages tied to project milestones: typically foundation, framing, rough-in mechanicals, drywall, and completion. Each draw requires an inspection before release. Draw requests are reviewed and funds are typically released within 48 hours of inspection approval.

Not necessarily. Lot purchase can be included in the loan structure depending on the deal. Submit your project details and we'll show you what can be wrapped into the loan versus what needs to be brought to the table.

Our construction loan program is designed for experienced builders and developers. First-time builders are evaluated on a case-by-case basis — typically with lower LTC, stronger reserves, and additional documentation. An experienced GC can help offset limited developer experience.

New construction loans use an as-completed appraisal based on the plans, specs, and comparable sales. Unlike the Fix & Flip bridge program, a traditional appraisal is part of the construction loan process — but the as-completed value drives the loan, not the current vacant lot value.

Budget overruns are common. The loan is structured with a contingency reserve factored in. Any changes to the budget or scope require a draw amendment. We stay involved throughout the construction period to manage the draw schedule and keep the project on track.