SFR developments

Financing for single-family subdivisions

Loans for single-family developments, typically 10 to 100 units. We fund in tranches as the project moves forward, which keeps you from paying for capital before you need it.

Graded land for a new community in Henderson, Nevada

Who it’s for

  • Developers building out single-family subdivisions
  • Phased projects that need capital in stages
  • Builders moving from a few spec homes to a full community

What we look at

  • The land, entitlements and the overall plan
  • The budget and phasing for each tranche
  • Your equity in the project
  • Absorption and the exit for completed homes
  • Your development experience

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

$3.5MLand acquisition and development for 1,200 lots, Pahrump
$205KSingle-family homes for a repeat Pahrump builder

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. 1

    Tell us about the deal

    Apply online or call. Share the property, the amount you need and your plan.

  2. 2

    Get terms

    A local loan officer reviews the property, your equity or down payment and your exit, then walks you through terms.

  3. 3

    Close through escrow

    Sign your documents and close through a title and escrow company.

  4. 4

    Servicing

    Your loan is serviced by a bonded and insured servicing company that collects payments and handles payoff figures.

Common questions

What does funding in tranches mean?

The loan is funded in stages tied to the project instead of all at once, so capital arrives as each phase needs it.

What size projects do you finance?

Our typical subdivision is 10 to 100 units. Call to talk through larger or smaller projects.

Can you finance the land first and the homes later?

Often, yes. We also finance land and construction separately; see our land development and construction programs.

Have a sfr developments deal?

Talk with a local loan officer today. Se habla español.