Product Spotlight: New Construction Without the Handoffs

In 2026, the builders who win aren't just the ones with the best plans. They're the ones who never have to stop.

A stalled draw request. A lender who doesn't understand municipal timelines. A servicing handoff that means starting over every time you pick up the phone. These are the things that turn a profitable build into a cash flow problem.

That's how our New Construction product is designed: reliable capital, a team that knows your project, and a draw process built around how construction actually works, not how lenders prefer it on paper.

What We Mean by "New Construction" (and Who This Is For)

Ground-up construction is its own category. It requires a different kind of underwriting, a different kind of servicing relationship, and a lender who understands that the risk profile evolves from land close to vertical to certificate of occupancy.

We define New Construction clearly:

• The project involves ground-up development on vacant land or a scraped lot
• The scope includes full vertical construction, not just structural improvements to an existing shell
• The exit is a sale, a DSCR refinance, or a stabilized bridge loan

This is not a product for first-time investors stepping into their first project. The minimum experience threshold is meaningful here, and for good reason. Construction capital is long-duration, high-exposure, and unforgiving of execution gaps.

Who we're built for:

• Infill builders executing ground-up SFR or townhome projects in established urban or suburban markets
• Build-to-rent operators creating new residential inventory for long-term hold or portfolio exit
• Build-to-sell developers running one or more spec projects per year with a clear sales timeline
• Portfolio owners scaling into development; investors already in rehab or stabilized assets who are ready to move upmarket
• High-volume builders producing multiple homes per year who need a capital partner that keeps pace

If you've been building for a while and your current lender is slowing you down, you already know exactly what this is about.

New Construction Terms

Here's what experienced builders care about: leverage, structure, and a timeline that works.

Core Terms (High Level)

• Rates starting in the mid-9's
• Up to 90% LTC on construction costs (not including an additional interest reserve)
• Up to 70% LTARV
• SFR, townhomes, condos, and 2-4 unit multi-family
• Experience-based lending: your track record directly shapes leverage and pricing
• Loan terms: 6–24 months
• Loan amounts: $100,000–$3,500,000 (higher balances with additional review)
• Built to close in 7 days

Experience Tiers

Construction is where experience matters most. Borrowers with 6+ completed projects of similar or greater scope in the last 3 years access the best leverage and pricing. Builders with 4–5 projects receive competitive terms with modest adjustments. The 0–3 tier has limited availability and is handled on an exception basis with strong compensating factors.

If you're an established builder working through a project-specific SPV or bringing on a less-experienced partner, that's a conversation we're excited to have.

Eligible Property Types

• SFR (1–4 units)
• Townhomes
• Condos
• Small multifamily (2-4 units)

Who This Product Is Built For: Builders and Operators Who Can't Afford Downtime

The Infill Builder Running a Tight Timeline

You've got a lot, a plan, a GC, and a buyer pipeline that moves faster than most lenders. You need a lender who has reviewed a construction budget before, and can close before your option expires. That's the baseline we operate from.

The Operator Scaling Volume

You're not building one house. You're building a business. That means your lender needs to understand your pipeline, your markets, your contractors, and your capital structure; not just the deal in front of them. Our dedicated team model is built for this. You work with the same people from underwriting through payoff and back again. No re-explaining. No starting over. A team that understands your business, your plans, your goals, and celebrates your wins.

Budget Review That Catches Problems Before They Cost You

Most construction lending problems don't start at the draw stage. They start with a budget that was never stress-tested.

Before we close, our team reviews your construction budget line by line; not to create friction, but to protect your project. We look at:

• Cost integrity and market alignment for your geography
• Contingency adequacy for the scope and project type
• Timeline feasibility against your loan term

Builders who've been through bad draws with other lenders know the value of this. Getting the budget right at origination is the single most effective way to prevent problems at month five.

Draws That Don't Hold Up Construction

A loan isn't done at closing. On a construction project, the loan is working the entire time, and a slow draw process directly impacts your schedule, your GC relationship, and your cost of capital.

We've built our draw process around one standard: draw requests are funded within two business days of inspection approval.

How It Works

Draws are managed inside your borrower portal. You submit the request, receive a link to complete a virtual inspection or a call to schedule a walkthrough, and track funding status, all in one place. For qualifying projects, we support both virtual and in-person draw inspections, so access constraints don't become schedule constraints. Draws are funded within 48 hours.

What That Means in Practice

• No ticketing system black holes
• No hunting down someone who has never seen your project
• The same team who closed your loan manages your draws and knows your budget

When capital flows consistently, projects stay on schedule. That's not a nice-to-have. It's the difference between margin and a problem.

Underwriting That's Project-First (Not Checklist-First)

Our construction underwriting philosophy mirrors our rehab approach: we focus on what actually drives project outcomes, not rigid checklist compliance.

What we're underwriting:

1. The land and market: location, liquidity, and exit realism
2. The plan: scope that matches the construction definition, timeline, and municipal requirements
3. The numbers: land basis, construction budget, ARV logic, and margin
4. The builder: experience tier, track record, and capacity to execute

How to Get a Construction Loan Closed Faster: A Practical Checklist

If you want a fast close, align the file before you submit.

A) Before You Submit

• Have your lot under contract or owned, with title in order
• Know your experience tier. Have a list of comparable completed projects ready

B) Package the Deal Like a Builder

• Full construction budget, itemized by trade
• Plans and permits (or permit-ready status)
• Bank statements and entity formation documents
• Government-issued ID for all owners

‍C) Set Expectations on Timeline

• We're built to close in 7 days when the file is complete
• Draw funding follows within 2 business days

Next Step: Bring Us Your Build

Whether you're breaking ground on your next infill project or scaling a development pipeline across multiple markets, we're built to support the full lifecycle. From land acquisition through construction, stabilization, sale, or DSCR refinance.

Connect with our team at (216) 206-6079 or create an account and submit your application.

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