New Construction Loan

Experienced builders and real estate investors can secure a loan for new construction from $150,000 up to $5 million for their project. All 1-4 unit residential investment property types are eligible. The lesser of 90% of Costs or 70% of Completed Value will determine your loan amount. If your lot is owned free-n-clear, then you can obtain 100% of the construction costs. Interest Only payments are available for the 12 month loan term. Contact me to discuss your project.


Key Points

Minimum Mid-FICO 620

For Experienced Builders

No interest charged on undrawn construction funds

Common Sense Underwriting

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$150,000 - $5 million+

LTC: up to 90%* of lot acquisition and construction cost*

ARV: 75% max.

Interest: from 7.25%

Rate: Fixed

Term: 12 Months

Amort: Interest Only

DSCR: None

No Prepayment Penalty

No Impounds

Full Recourse




New Construction For Non-Owner Occupied Residential Properties



Property Types

Single Family Home






*Up to 100% of construction cost if the lot is owned free-and-clear