Construction Loans
Financing for new construction projects from land acquisition through completion. Land and construction in one loan with draws released as you hit milestones. First build or seasoned developer — both welcome.
- 11–14%
- Rates
- Up to 90%
- Cost
- 12–24 mo
- Terms
A ground-up construction loan finances a build from raw or infill land through certificate of occupancy. It covers both the land acquisition and the vertical construction in a single loan, with funds released in draws as you hit defined milestones — foundation, framing, mechanicals, finishes.
Bank construction lending is notoriously slow and rigid. Draw requests sit in queues, inspectors take weeks, and a delay in reimbursement can idle your entire crew. As a direct lender, I keep draw inspections fast and decisions in-house so your build keeps its momentum and your subs stay paid.
Whether you are a first-time builder doing a single spec home or a developer running multiple infill lots, the structure is the same: sensible leverage against cost and completed value, milestone draws, and a lender you can actually reach when a change order comes up mid-project.
ConstructionRates, Terms & LTV
The headline numbers for a construction loan. Every deal is priced on its own merits — these are the guardrails.
| Metric | Terms |
|---|---|
| Interest Rate | 11–14% |
| Loan-to-Cost | Up to 90% |
| Land Acquisition | Included in loan |
| Points | From 2 |
| Term | 12–24 months |
| Draws | Milestone-based |
Why It Works
- Land + construction in one loan
- Draws released as you hit milestones
- First build or seasoned developer — both welcome
Best For
- Ground-up residential builders
- Spec and infill developers
- Builders who need land and construction in one loan
Rates & Terms
- Rates between 11–14%
- Up to 90% of cost
- Land acquisition included
- Points from 2
- 12–24 month terms
Process
- Milestone-based draws
- Fast draw inspections
- Designed for residential or small commercial projects
Collateral
- Ground-up residential
- Small commercial
- Infill & spec builds
How Construction Funding Works
- 01
Send The Project
Share the land, your budget, plans or scope, and timeline. Land purchase can be rolled into the loan.
- 02
Underwrite The Build
I size the loan against total project cost and completed value, then structure a draw schedule around your milestones.
- 03
Close On Land
Close and take down the land. Construction funds are set aside and released as each phase is completed.
- 04
Build & Exit
Draw through the build, reach C.O., then sell or refinance into a permanent loan.
Property Types We Fund
A construction loan works across these property types. Explore each to see specifics on underwriting and leverage.
Construction Deals I've Funded
Real closings, real investors. Here are construction projects funded with the same speed and terms waiting for your next deal.
- Refi & Rehab
$4,460,000
Linthicum, MD
Commercial
- Bridge
$2,750,000
New Hope, PA
Single Family
Fix & Flip$2,260,210
New Hope, PA
Single Family
View case study
States Where I Fund Construction Deals
See local rates, terms, and funded deals for your market.
Draw inspections were 48 hours, not three weeks. My crew never stopped and the spec home sold before certificate of occupancy.
Qualifying For A Construction Loan
I underwrite on the deal, not red tape. Here's what makes a construction loan easy to approve.
- Land under contract or owned (can be financed in)
- A realistic construction budget and scope
- Plans, permits, or a clear path to them
- A licensed builder / GC on the project
- A defined exit — sale or refinance
Construction Loan FAQs
No experience required. I work with first-time builders and seasoned developers alike, with direct access to the decision makers. A licensed GC on the project strengthens the deal.
Yes. The loan can cover both the land acquisition and the construction costs, with funds released through milestone-based draws.
Your construction budget is held in reserve and released in stages as work is completed and inspected — typically foundation, framing, mechanicals, and finishes. Fast inspections keep the project moving.
At certificate of occupancy you exit the construction loan by selling the property or refinancing into permanent financing — often a DSCR rental loan if you plan to hold it.
Yes. In addition to ground-up residential and spec builds, I fund small commercial and mixed-use construction projects. Send me the details and I will structure it.
Explore More Loan Options
Supporting Guides & Articles
- Hard Money vs. Conventional: When Speed WinsA 45-day bank close can cost you the deal. Here is when paying a few points for speed and certainty is the smartest money you will spend.
- Understanding ARV: The Number That Makes Or Breaks Your LoanAfter Repair Value drives how much a hard money lender will give you. Here is how to calculate it like an underwriter and defend it with comps.
Ready To Fund Your Deal?
Tell me about your project and get a same-day answer. No application fee, no obligation, no nonsense.