Loan programs
Ground-up construction
Funding for builders turning a lot into a finished home or small multifamily building, released in stages as the build progresses.
Projects we finance
- Single-family spec homes
- Infill lots and teardown-rebuilds
- Duplexes, townhomes, and small multifamily
- Build-to-rent homes
What we'll need
- Approved or permit-ready plans
- Detailed construction budget and schedule
- Licensed general contractor and insurance
- Builder track record with completed projects
- Land ownership or a purchase contract
Typical draw milestones
Site & foundation
Framing & block
Dry-in
Mechanicals
Finishes & C.O.
Each draw follows an inspection. The actual schedule is set in your loan documents.
Questions
Do you lend to first-time builders?
Construction lending generally requires a track record. If you're newer, partnering with an experienced licensed builder can make a project financeable.
Can you finance the lot purchase too?
Often, when the construction start is near and plans are ready. Land-only loans with no near-term build plan are generally outside our programs.
What about hurricane season delays?
We build realistic timelines for Florida weather, and builder's risk insurance is required throughout construction.