New Construction Financing

Straightforward, common-sense lending programs for builders

In-house construction management 

In-house servicing 

Fast draw approvals

  • Spec builds and model homes
  • Non-recourse available
  • Up to 90% LTC and up to 70% LTV
  • Elow starting Rates
  • 13-, 19-, and 24-month term options
  • Fast due diligence and closing
  • One-time close for Build2Rent®
  • 13-month interest-only construction period converting to rental loan (5-, 10-, 30-year term options) once complete
  • Up to 90% LTC and up to 70% LTV
  • Rates during the construction period are fixed rate and interest only on drawn balance
  • Rates for the rental loan float until conversion

New Construction Loan Program Summary

New Construction Build2Rent®
Purpose Ground-up construction loans for builders
Spec homes and models
Typical lots should be fully entitled and ready to build within 60 days
Build new construction properties to hold as rentals.
Property Type Single-family, townhouses, 2-4 units, 5+Commercial Buildings Single family, townhouses, 2-4 units, 5+Commercial Buildings
Term 13-, 19-, and 24-month terms available 13 month construction period converting to 5-, 10-, or 30-year long-term rental loan
Rate Options Interest only
Experienced builders pay only on funds disbursed
Interest only for the construction period
Converting to prevailing rental loan rates
Loan Amounts Min $75K + Min $75K +
Max LTC/LTV Up to 90% LTC
Up to 70% LTV
Up to 90% LTC
Up to 70% LTARV
Allowable Costs Hard and soft costs directly related to the build can be financed
Costs that are not part of the actual construction cannot be financed (interest, loan fees, Realtor fees, etc.)
Hard and soft costs directly related to the loan can be financed.
Costs that are not part of the actual construction cannot be financed (interest, loan fees, Realtor fees, etc.)
Non-Recourse Allowed for experienced builders (add 25-50bps to rate) Full recourse only
Subordinate Debt Not permitted 660
Minimum FICO 660 660
Bankruptcy
Foreclosure
Short Sale
Deed in Lieu
None in the past 3 years None in the past 3 years
Foreign Nationals Experienced borrowers welcome, with max 70% LTC and 60% LTV Experienced borrowers welcome, with max 70% LTC and 60% LTV

Finally, the funding you need. When everyone else says no, we say yes! Contact us to start your success plan today and you’ll never lack the funding you need to grow your business.
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