Question 1

How do construction loan draws work?

Accepted Answer

Construction funds are released in draws as each phase of the build is completed, rather than all at once at closing. Typically you submit a draw request, the completed work is verified, and funds for that phase are released. The draw schedule is set up before closing so it matches your build plan.

Question 2

Can a construction loan cover both the lot and the build?

Accepted Answer

Yes, construction financing can be structured for lot and vertical construction, depending on the scenario. Share whether you already own the lot or are purchasing it, along with your plans and budget, and we will structure the request accordingly.

Question 3

Do you finance spec builds or only custom homes?

Accepted Answer

Both spec and custom builds can be financed. The program is designed to be investor and builder friendly, whether you are building to sell on the open market or building to a buyer's specifications. Every project is reviewed on its plans, budget and the builder and borrower experience.

Question 4

How long does it take to close a construction loan?

Accepted Answer

Construction loans may take 30-45 days to close due to additional requirements. Plans, budgets, permits and builder information all need to be reviewed, so gathering those documents early is the best way to keep your project on schedule.

Construction Loans

Funding from lot to finished build

Lot + Vertical

Flexible Draw Schedule

Draw Management

Exit Flexibility

Designed for investors who
build from the ground up

What you need to qualify

Structured funding for your next build

Submit Your Project

Project Underwriting

Loan Approval

Draw Schedule

Common questions about Construction loans

Fund your next build
from lot to vertical