Construction Loans
Ground-up construction and heavy rehab financing for multifamily, mixed-use, and commercial developments. Flexible draw schedules tailored to your build timeline.
Construction financing is complex. Between draw schedules, inspections, cost overruns, and timeline changes, you need a lender who understands development, not just lending.
We connect you with construction lenders who have funded hundreds of projects and know how to structure draws, handle change orders, and keep your project moving. From spec homes to 200-unit multifamily developments.
Our lender network includes specialists in ground-up, heavy renovation, and horizontal development. We'll find the right fit for your project scope, timeline, and experience level.
$1M – $50M+
Key Features
Flexible Draw Schedules
Draws aligned with your construction milestones. Funded upon inspection approval.
Ground-Up & Rehab
Spec builds, custom construction, and heavy renovation. Both residential and commercial.
Interest-Only During Build
Pay interest only on drawn funds. No principal payments until construction is complete.
12-24 Month Terms
Terms designed to match your construction timeline with extension options if needed.
Experience Matters
First-time developers welcome with the right project. Experienced builders get the best terms.
Exit Strategy Support
We help plan your takeout financing before construction even begins.
Ideal For
Ground-up residential and commercial development
Heavy rehab and gut renovation projects
Spec homes and small subdivisions
Build-for-rent developments
Mixed-use construction
Developers with a clear construction budget and timeline
Frequently Asked Questions
How do construction loan draws work?
Construction loans are funded in draws (also called disbursements) tied to construction milestones. After each phase is completed, the lender sends an inspector to verify the work, then releases funds for the next phase. Typical draw schedules include 4-6 milestones: foundation, framing, mechanical/electrical, drywall, finishes, and completion. You only pay interest on the amount drawn.
What is the typical LTC for a construction loan?
Construction lenders typically finance 75-85% of total project cost (LTC), which includes land acquisition, hard costs, soft costs, and contingency reserves. This means you need 15-25% equity in the deal. Experienced developers with a strong track record may qualify for higher leverage.
Can first-time developers get a construction loan?
Yes, but terms will reflect the additional risk. First-time developers typically need a stronger project (lower LTC, better location, proven demand), a larger equity contribution (25-30%+), and ideally a general contractor or development partner with experience. We match first-time developers with lenders who specialize in newer borrowers.
What happens if construction costs exceed the budget?
Cost overruns are common in construction. Most lenders require a 5-10% contingency reserve built into the original budget. If costs exceed both the budget and contingency, the borrower is typically responsible for funding the difference out of pocket. Some lenders offer change order processes that can adjust the loan amount for justified increases.
Ready to get started?
Submit your deal in 2 minutes and get financing options within 24 hours.
Submit a Deal