Finance the lot and 100% of the build for spec homes, build-to-rent and infill projects. Draws as you build, 12–24 month terms, and instant pricing from our direct construction program.
Enter the lot, build budget and finished value. You'll see your max loan, three rate and point options, and estimated cash to close, from the same rate sheet we use for term sheets.
We fund up to 90% of total cost at closing on the land, or pay off your land debt and credit your land equity if you already own it.
100% of the construction budget is held back and released in draws as work is inspected. You pay interest only on what's been drawn.
Sell the finished home, or refinance into a 30-year DSCR rental loan to hold it. No prepayment penalty on the standard program.
Building to rent? See BRRRR loans and DSCR refinance. Larger multifamily or commercial construction? Commercial loan application.
A short-term loan that funds the lot purchase (or refinances land you own) plus 100% of the construction budget, paid out in draws as the build progresses. It's repaid when you sell the finished home or refinance into a long-term rental (DSCR) loan.
Up to 85% of total cost (lot + construction) for builders with 2–4 completed projects, and up to 90% with 5 or more, capped at 75% of the after-completion value (ARV). Loans run from $100,000 to $1.5MM, up to $3MM for experienced builders, and larger through our $3MM+ program.
At least 2 completed ground-up builds in the last 5 years, plus a 680+ credit score. First-time builders can still submit a scenario; we place those deals with other capital partners case by case.
The construction budget is held back at closing. As work is completed, you request a draw, an inspector verifies the progress, and funds are released, typically within a few business days. Interest is charged only on funds disbursed.
Yes. If you own the lot, its equity counts toward your down payment, and the loan can pay off existing land debt at closing.
1–4 unit homes (single-family, duplex, triplex, fourplex), townhomes and condos for sale or rent. 5–8 units are considered as an exception. Larger multifamily and commercial construction goes through our commercial program.
Most states. Our standard pricing isn't available in North Dakota, South Dakota, West Virginia, New York, Nevada, Utah and Vermont, or in a few metro areas; submit the deal and we'll quote it through another capital partner.
12, 18 or 24 months, interest-only, with no prepayment penalty on the standard program.
Estimates only. All loans are business-purpose loans for investment property, subject to underwriting, appraisal, budget review, title, insurance and approval. Rates, leverage and availability vary by state, experience, credit and property and may change without notice. Not a commitment to lend.
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