Step · 01
Close.
Initial funding at close covers land, permits, and the first phase of construction per your budget.
Loan Program · Ground-Up Construction
Draw-based financing
for new builds.
Loan sizes from $50K to $3.5M. 12 to 24 month terms. For developers who know their timeline.
Rate from
9 %
Starting rate
Loan size
$50K–$3.5M
Per deal
Term
12–24 mo
Build-out window
1–4 unit non-owner-occupied · Residential new builds · 45 states
Who it's for
Developers building on a schedule.
Ground-up construction financing for small residential developers. Capital releases against a defined budget and draw schedule. Built for builders with a real plan on paper.
- Residential developers building 1–4 unit non-owner-occupied new construction.
- Spec builders delivering to resale or rental stabilization.
- Project scale $50K–$3.5M per loan.
- Timeline-realistic operators — "We need a build schedule that survives real weather and real inspection cadence."
Terms & eligibility
The real numbers.
Rate from
9 %
Starting
Loan size
$50K–$3.5M
Per deal
Term
12–24 mo
Build-out window
LTC / ARV
75 / 70%
Max split
Recourse
Full recourse
Personal guarantee
Draw schedule
Milestone-based
Draws in 24 hours
Rates and terms subject to underwriting, appraisal, and title. Residential new builds only — no mixed use.
How it works
Draw, build, deliver.
Step · 02
Draws against milestones.
Capital releases as construction hits defined milestones. Each draw tied to verified progress against the approved budget.
Step · 03
Final draw at CO.
Last draw at certificate of occupancy. From there: sell it, refinance into DSCR rental, or the exit your term sheet contemplates.
Construction FAQ
Answers before you apply.
Something not here? Start the inquiry and we'll address it on the term sheet. Start an inquiry →
Draws release against verified progress on the approved budget. Exact milestone structure and inspection cadence publishing pending — we'll spell it out on the term sheet for your specific project.
$50K on the low end, $3.5M on the high end per project.
12 to 24 months. Your specific timeline is set at term sheet based on scope, geography, and your history as a builder.
Program focus is 1–4 unit non-owner-occupied residential new construction. Mixed-use eligibility publishing pending.