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A construction loan lender that funds first-timers
We are a residential construction lender for investors. We fund 90% of your lot and build budget, and we lend to builders with no finished projects yet.
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Estimate only. Loan amount is 90% of lot price plus build budget. Business-purpose loans on investment property, not homes you will live in.
What to compare between construction lenders
Construction loan companies differ on a few things that decide whether your build happens:
- Share of cost funded. This sets how much cash you need. We fund 90% of lot and build.
- Experience required. Many lenders want two or three completed builds. We require none.
- How draws work. How quickly money is released after each stage is done.
- What they lend on. Homes to live in, or homes built to sell or rent.
Residential construction lenders for investors
Banks and credit unions mostly make construction loans to people building a home to live in, often as a construction-to-permanent loan. Investor construction lenders like us fund homes built to sell or rent, with short-term loans that are paid off when the house sells.
| Term | Ground Up Construction Lending |
|---|---|
| Share of lot and build funded | 90% |
| Your share | 10% |
| Building experience required | None |
| Build budget paid | In draws as work is completed |
| Loan purpose | Build to sell or rent (investment property) |
An example
| Deal | Amount |
|---|---|
| Lot price | $80,000 |
| Build budget | $320,000 |
| Total cost | $400,000 |
| We fund 90% | $360,000 |
| Sale price when finished | $560,000 |
| You bring (10%) | $40,000 |
Questions builders ask
Straight answers about construction loan lenders.
What does a construction loan lender look at?
The deal itself: the lot price, the build budget, the plans and what the finished home should sell for, along with your credit and your cash for the 10% you bring.
How much of my build do you fund?
We fund 90% of your total cost: the lot price plus the build budget. You bring the other 10%.
Do I need building experience?
No. We lend to first-time builders with no completed projects, as well as to experienced builders.
Can I use this to build a home I will live in?
No. These are business-purpose loans for homes built to sell or rent.
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