Construction loans

Ground‑up construction, built around your plan.

For builders creating new homes, from one spec house to a small-lot project. $1MM–$20MM.

We listen to the plan first, then build the loan around it.

Up to 90%

of total project costs

12–24 months

loan term

Interest only on what's drawn

non-Dutch draws

Terms

The details, in plain English.

Leverage: Up to 90% of total project costs
Loan size: $1MM–$20MM
Term: 12–24 months
Payments: Interest only, on what's drawn. The interest reserve can be built into the loan.
Draws: Funded in 2–3 business days after a complete package
Material advances: Paid for materials you've ordered? We reimburse up to 50% of the cost, with proof of payment.
Lot value: The loan can be based on what your lot is worth today, not just what you paid
Property types: Single-family, townhome, condo, build-to-rent (BTR)
Spec homes: How many we finance depends on what the market can absorb
Guarantee: Limited guarantee, with bad-boy carve-outs available

Terms depend on the project and the borrower. Every loan is subject to underwriting.

Built for

New single-family homes and townhomes, built to sell.

New homes built to hold as rentals.

Small-lot homes under SB 684, SB 1123 and SB 1116, and new ADUs.

Loans built around your manufacturer and timeline.

How a loan works

1Send the projectThe address, what you want to build and your budget.
2Talk it throughWe go over your plan and the options with you.
3Get a term sheetClear terms built around your plan.
4Close and buildClose on a timeline that fits your strategy. Draws funded in 2–3 business days.

Share the address and what you're planning.