New Construction Loans

Overview

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.

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

Why Ledger

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

Get Started

Apply Now

Tell us about your project and we'll be in touch within one business day.

Application Received

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Program Details

New Construction Loan Parameters

Max LTC

Up to 100%

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.

New construction loans are available up to 100% of loan-to-cost (LTC) and 75% of the loan-to-after-repair-value (LTARV). Leverage depends on borrower experience, credit score, and the overall project profile.

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.