New Construction

We offer short-term mortgage financing to build new homes, townhouses, and accessory dwelling units. We support traditional and modular construction.

Property Types

Detached single family homes, townhouses, condominiums, ADUs
Urban or suburban location (no rural properties)

Loan Features┬╣

$150,000 – $3 million
Up to 85% loan to cost, 70% loan to value
Construction holdback for 100% of budget
12, 18 or 24-month loan term
Interest rate from 8.75%
Points from 1.50%

Other Details

Loans made to entities
Personal guarantee usually required
Sponsor with liquidity and prior construction experience
Credit score over 660, no recent foreclosures or bankruptcies
Appraisal with after construction value

Construction Draws

Material, labor and demolition costs, customary soft costs (e.g., plans, permits, architect fees)
Lien releases and virtual project walkthrough (third party inspection not required)
2-3 day timeline from draw request to funding

1 This is not an offer to extend credit. Loan terms, interest rate, origination points, and fees are based on loan to cost, loan to value, investing experience, credit history, and other factors. Additional criteria may apply, and all details are subject to change without notice.