A new construction loan is short-term, business-purpose financing used to acquire eligible land and fund the construction of a non-owner-occupied investment property. Part of the loan may be advanced at closing, while the construction portion is generally held in reserve and released through draws as work is completed.

Potentially up to 65-75% for land purchase. Some programs can finance both an eligible lot purchase and approved construction costs in one transaction. Others may be better suited to land you already own. The structure depends on the land basis, as-is value, project budget, completed value, and lender guidelines.

It depends on the program and the complete project economics. Lenders commonly evaluate leverage against total cost, current value, and estimated completed value. You may also need cash for closing costs, interest, contingency, prepaid items, and any costs the lender does not finance. We help you estimate the cash requirement before you commit.

The construction budget is usually held in a lender-controlled reserve. As approved work is completed, you request a draw and provide the required documentation. The lender verifies progress and releases eligible funds according to its draw policy, usually within 24-72 hours. Inspection rules, fees, timing, retainage, and prefunding requirements can vary substantially by lender.

Experience requirements vary. Some of our lenders require prior ground-up projects; others may consider investors with relevant heavy-rehab experience or a qualified general contractor. First-time-builder options may be available for up to 80% LTC with strong projects and borrower profiles, but leverage and documentation requirements may differ.

Not necessarily before requesting a quote. However, during final approval or closing, plans are required, and permits must be in process. Send the deal at its current stage, and we will help identify which milestones and documents the applicable programs require.

Programs may be available for eligible single-family homes, townhomes, two-to-four-unit properties, and certain small multifamily or residential development projects. Availability depends on location, unit count, project scope, and the selected lender.

Yes, eligible build-to-rent projects may be financed with a construction loan and later refinanced into long-term rental financing. Planning that exit early helps clarify the required completed value, expected rent, debt-service coverage, timeline, and cash needs.

Possibly. Mid-construction financing is more complex because the lender must verify title, work completed, remaining budget, permits, lien status, and capital already invested. Send the current status and remaining scope so we can assess whether an applicable completion or refinance program may fit.

Average closing time 14-21 days, but timing depends on the project, lender, valuation method, title, plans and permits, feasibility review, borrower documentation, and closing conditions. A complete file moves faster. Tell us your deadline at the beginning so we can prioritize programs capable of meeting it.

No. A quote request gives us the information needed to evaluate the project and discuss potential financing. Any final loan is subject to lender underwriting, due diligence, approval, documentation, and closing conditions.