Construction
Construction loans for builders and investors
Ground-up and spec construction for single-family homes, luxury builds and commercial projects. Funds are released by phase as work is completed, so the money follows the build.
Who it’s for
- Builders and investors building spec homes for sale or rent
- Luxury and custom spec homes
- Commercial ground-up construction
- Projects that need a lender who understands draw schedules
What we look at
- Plans, permits and the construction budget
- The land value and the value when complete
- Your equity in the land and the project
- The builder’s experience and the timeline
- Your exit: sale or refinance
Loans from $50,000 to $35 million. Rates generally 9% to 14%, with most loans priced 12% to 14%, and typically 3 to 4 points. Loan-to-value and overall risk drive the rate and points.
Where we lend
Residential investment property in Nevada, including Las Vegas, Henderson, Pahrump, Mesquite and Reno, and in Arizona. Commercial property in Nevada, Arizona and many other states.
Business-purpose loans on investment and commercial property only. We do not offer owner-occupied or personal loans.
Loans we have funded
What to have ready
- Purchase contract, or the current loan balance for a refinance
- Property details and current photos
- Scope of work and budget for any rehab or construction
- LLC or entity documents for the borrowing entity
- Recent bank statements showing your down payment or reserves
- A government-issued ID for each signer
How it works
- 1
Tell us about the deal
Apply online or call. Share the property, the amount you need and your plan.
- 2
Get terms
A local loan officer reviews the property, your equity or down payment and your exit, then walks you through terms.
- 3
Close through escrow
Sign your documents and close through a title and escrow company.
- 4
Servicing
Your loan is serviced by a bonded and insured servicing company that collects payments and handles payoff figures.
Common questions
How do construction draws work?
Part of the loan is held in construction control and released by phase as work is completed and verified.
Do you finance construction of my own home?
No. We finance construction for investment and commercial property only, not owner-occupied homes.
Can the loan cover the land too?
Often. Tell us whether you own the lot or are buying it and we can structure the loan around the project.
Have a construction deal?
Talk with a local loan officer today. Se habla español.