New construction loans
Ground-up construction loans, paid out as you build.
We underwrite the full project cost up front and release money at each milestone, so you only pay interest on what you've drawn. 85% of cost as standard, up to 90% for builders with 20 or more completed builds.
- Term sheet, on average
- about 2 hours
- Closing
- 5–10 business days
- Leverage
- 85–90% of cost
Rather talk it through? Call +1 (305) 857-5620
New construction · price your deal
Your estimated middle score, 300 to 850.
Indicative terms
Terms are subject to underwriting, appraisal, title, and insurance.
Program terms
New construction at a glance.
Where the program starts. The pricing tool above shows where your deal lands; your written term sheet sets the final numbers.
- Rates
- From 8.75%
- Leverage
- 85–90% of cost
- Term
- 12–24 months
- Interest reserveup to a further 5% of cost
- Can be financed
- Drawsafter each inspection
- By milestone
- Credit score
- 680+
- Builds
- SFR, townhomes, 2–4 units, ADUs
- Term sheeton average
- about 2 hours
Terms are subject to underwriting, appraisal, title, and insurance.
How draws work
Money released at each milestone.
Funds go out in stages as the project hits milestones, which keeps your carrying costs down.
Land and plans
You secure the lot and finalize plans. We underwrite the full project cost up front, so you know the whole budget is covered.Construction draws
Money is released as you hit milestones (foundation, framing, mechanicals, completion), each confirmed by an inspection.Certificate of occupancy
The build is done and the CO is issued. Sell the property or refinance into a 30-year DSCR rental loan to pay this loan off.
Pricing
Rates by project size.
From starter builds to large developments. Your term sheet sets the final numbers.
| Project size | Rate | Max loan-to-cost | Draws | Term |
|---|---|---|---|---|
| Up to $1M | From 8.75% | 85–90% of cost | Monthly | 12 mo |
| $1M–$5M | From 8.75% | 85–90% of cost | Milestone | 12–24 mo |
| $5M+ | Case by case | 85–90% of cost | Negotiated | Up to 24 mo |
Terms are subject to underwriting, appraisal, title, and insurance.
What we finance
Residential builds, start to finish.
Term sheet in about 2 hours on average for any of these.
Single-family homes
Townhomes
Small multifamily
Accessory dwelling units
Questions
Construction loan questions, answered.
Something not covered here? Email info@fundedcapital.com or call +1 (305) 857-5620 and a loan officer will walk through your numbers.
How do construction draws work?
Do I need prior construction experience?
What is the maximum loan size for a ground-up project?
Can I refinance into a DSCR loan after construction is complete?
What states do you lend in for new construction?
How much of my project cost can you finance?
Price your deal in 60 seconds.
Put in the numbers, see where the deal lands, and download a term sheet when you’re ready.