New Construction Line of Credit

Builders and Investors can secure a line of credit (LOC) for the purpose of new construction. This LOC is for ground-up construction and can be utilized for a single build or multiple builds. All residential investment property types including Multifamily (5+ units) and Mixed-Use (75% Residential) are eligible. Obtain 100% of construction cost if your lot(s) are free and clear. Contact me to discuss your project and available options.


Key Points

Minimum Mid-FICO 620

Multiple draws available at borrower’s discretion

Lot financing can be included, if lots are in build-ready condition

No interest charged on undrawn construction funds

Common Sense Underwriting




Line Amount: $500,000 - $10 million+

Loan Amount: $100,000 - $2 million per property

LTC: up to 100%*

ARV: up to 75%

Interest: from 6.75%**

Rate: Fixed

Line Term: up to 18 Months

Loan Term: 12 months per property

Amort: Interest Only

DSCR: None

No Prepayment Penalty

No Impounds

Full Recourse




New Construction (tear down or ground-up)

Construction Completion



Property Types

Single Family Home


Multifamily 2-4 Units

Mixed-Use: 75% residential

Multifamily 5+ units


*Up to 90% of lot value and construction costs or up to 100% of construction cost if the lot is owned free-and-clear.

**Interest Rate dependent upon experience and credit profile.