New Construction Loans

Secure new construction loans designed for foreign nationals, offering flexible financing for property development from the ground up to completion.

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Loan Program Details

Maximum Loan Amount

$5,000,000 (higher amount can be approved)

LTC/ARV Limits

Experienced: Lower of 82.5% LTC or 70% ARV. New: Lower of 65% LTC or 55% ARV.

Interest Rate

Starting at 10.5%

Term

12-24 months

Payments

Interest only, with a balloon payment upon maturity

Prepayment Penalty

None

Interest Type

Non-Dutch

Origination Fee

2-3%

Underwriting Fee

$1,500

Feasibility & Contractors Report

$1,200

Draw Fee

$400 (subsequent draws)

Legal Fees

$750 – $1,500

Appraisal Fee

$350 – $1500

Property Types

Condominiums, Single-family homes, Townhouses, 2-4 units, Multifamily, Case-by-case for others

Standard Closing Time

10-20 days

Why Get A New Construction Loan?

Our short-term new construction loans are designed to finance the construction or renovation of residential or commercial properties. Funding begins with an initial draw based on the property's current value and the renovation budget, which will be distributed through construction draws.

Ground-up financing

Fund your entire construction project from land purchase to final build.

High leverage

Borrow up to 82.5% LTC (experienced investors) to maximize project ROI.

Interest-only payments

Improve cash flow during construction with interest-only monthly payments.

Flexible draw schedule

Construction draws released as milestones are met, keeping your build on track.

I'm Interested

How It Works

Contacting us

Fill a short online application

Let's talk

Underwriting

E-closing

We fund your loan

You will receive an email with a link to enter your loan application portal

Frequently Asked Questions

A New Construction Loan is a short-term, often interest-only loan specifically designed to provide financing for the building of a new property. Unlike traditional mortgages that are based on the existing value of a property, New Construction Loans are based on the projected value of the property upon completion of the construction project.

New construction loans can be used for various types of properties including single-family homes, multi-unit properties, condominiums, condo-hotels, townhouses and other property types, case by case.

Access to Financing: For foreign investors looking to build and invest in US real estate, New Construction Loans provide a vital source of financing for projects that might not qualify for traditional loans due to the lack of existing structures or proven rental income. Customization and Control: By financing a new construction project, foreign investors have the opportunity to tailor the property to specific market needs or personal investment strategies, potentially increasing the property's value and attractiveness in the rental or sales market. Potential for Higher Returns: New constructions can offer higher returns on investment, especially in high-demand areas or when completed projects fulfill a particular market gap. The ability to start fresh allows for modern designs and energy-efficient materials, making the property more appealing to tenants and buyers. Market Entry: These loans can serve as an entry point into the US real estate market, allowing foreign investors to establish a presence and begin building a portfolio in locations with strong growth potential. Capital Appreciation: Investing in new construction in up-and-coming areas can lead to significant capital appreciation, especially if the development contributes positively to the local area or fills a niche demand.

For all eligibility criteria please refer to New Construction Loan Brochure.

Our rates start at 10.5% for standard loans.