Home
Loan Products
New Construction First-Time Builders DSCR Rental Bridge Fix & Flip Build to Rent
Who We Are
What We Do Meet the Team Where We Lend
Broker Partners
Loan Calculators
Construction DSCR Rental
Client Portal
Submit Draws Loan Diligence
Apply Now

New Construction Loans

Leverage your lot position with a construction escrow designed around your budget to take a project from start to completion.

Business-purpose financing for licensed builders and developers. Not available for primary or personal residences.

Build With Confidence

Our ground up construction financing provides leverage to your finished lot position coupled with a construction escrow designed around your budget to take a project from start to completion. Whether you're building a single-family spec home, a townhome community, or larger tract development, we structure financing that matches your build timeline and budget.

As a combination loan, we provide a day-one advance of capital based on the current value of the lot followed by requested draws against a submitted construction budget. Our draw process is fast, transparent, and predictable through our Asset Management portal.

Our underwriting focuses on the project itself and the experience of the builder behind it.

Looking for a specific program? See our ground-up construction loans for projects starting from raw land, or spec home construction loans for builders constructing homes for resale.

Loan Range

$150,000 to $5,000,000 per loan. Multi-loan structures available up to $10MM ($20MM case by case).

Term

15-18 months with extension options

Closing Speed

As fast as 21 days

Draw Schedule

As fast as 48 hours

What Sets Us Apart

  • Competitive leverage on finished lots and vertical construction costs
  • Fast, predictable draw process with dedicated project oversight
  • No junk fees or hidden costs at closing
  • Institutional-grade terms available to local builders
  • Repeat borrower programs for builders scaling their pipeline

Apply Now

Tell us about your project and we'll be in touch within one business day. Business-purpose loans only, not for primary or personal residences.

Application Received

Thank you — our team will be in touch within one business day.

New Construction Loan Summary: Ledger Trade & Capital funds ground-up construction loans from $150K to $5M (multi-loan structures up to $10M+). Up to 90% loan-to-cost and 75% LTARV. Rates from 8.875%. Terms of 15 to 18 months with extension options. Close in as fast as 21 days. Draws funded in as fast as 48 hours. Minimum 680 credit score and 5 completed projects in the last 3 years. Business-purpose only, not available for primary residences. Available in 40 states plus Washington, D.C.
Program Details

New Construction Loan Parameters

Max LTC
Up to 90%
Max LTARV
Up to 75%
Recourse
Non-Recourse Available
Our construction loans are designed for builders with experience completing residential projects. You should have a clear scope of work, an itemized budget, and a realistic timeline. Whether you're building your 5th home or your 50th, we structure terms that make sense for where you are in your business.
No. These are business-purpose loans for builders and developers constructing homes for resale or rental. We do not finance primary or personal residences, or any home the borrower intends to occupy. Borrowers close in an LLC, LP, or corporation.
New construction loans are available up to 90% of loan-to-cost (LTC) and 75% of the loan-to-after-repair-value (LTARV). Learn the difference between LTC, LTV, and LTARV. Leverage depends on borrower experience, credit score, and the overall project profile. Funds are released through a draw schedule tied to construction milestones.
The minimum credit score for new construction loan programs is 680. We evaluate the full picture including the project, the builder's track record, and the market when making lending decisions.
Construction loan borrowers should have completed at least 5 residential construction or renovation projects within the last 3 years. Builders with deeper experience may qualify for improved leverage and pricing. Building your first spec home? See our first-time builder construction loan program.
Yes, non-recourse options are available on new construction loans for qualifying borrowers and projects. Standard carve-outs apply. Our team can walk you through the non-recourse structuring process.

Ready to Break Ground?

Apply Now → Estimate Your Rate →

See current construction loan rates from 8.875%