New Construction Loan
Built for builders and investors who need a construction-friendly structure with guidance from start to finish. We understand the challenges of construction timelines, draw management, and keeping projects moving.
Program Overview
The New Construction Loan is structured to support both experienced builders and investors who are newer to construction. The goal is simple: provide the funding plan, draw process, and support needed to move from plans to a completed build.
Competitive Terms (Examples)
All terms are subject to underwriting and program availability.
What You’ll Need To Get Started
Plans & Drawings
Architectural drawings and clear project plans help align expectations and streamline underwriting.
Liquidity for Closing
Expect to show cash for closing and a portion of the total project cost available (guidelines vary).
Strong Project Budget
A detailed scope and budget help support draw approvals and project progress.
Draw Strategy
A flexible draw structure is commonly built around 6–8 draws depending on the project.
Draw Structure
Construction funding is typically released in stages. A draw schedule helps ensure you have the support you need through each milestone—foundation, framing, rough-ins, finishes, and final completion.
- Commonly 6–8 draws (project dependent)
- Milestone-based releases to support progress
- Clear expectations and a smoother build process