A trusted partner providing debt solutions to home builders and SFR investors through strategic programs with institutional capital.
We're not a marketplace or a broker aggregator. We're a direct lending partner with institutional capital behind us and local market knowledge in front.
Our team has collectively originated billions in residential housing investments. These experiences gave us a ground-level education in capital structuring, forged through real investments with real stakes. We have seen every deal structure and borrower profile which means faster decisions and fewer surprises.
Every person at Ledger is empowered to make decisions. We operate as a partnership, with the entire team aligned toward one goal: closing your deal. That means whoever you talk to at Ledger can move the ball forward. No layers, no handoffs, no waiting.
Our deep rooted capital partnerships with institutional asset managers enables us to offer unique product structures and a competitive cost of capital. We are able to pass these advantages through to our borrowers by executing with an efficiently lean team.
We underwrite the asset first. If the investment makes sense and we're confident in the project, we want to find a way to fund it.
All products available in the $100K to $20MM range.
New to construction financing? Start with our primer on how construction loan draws and draw schedules work.
Our team has spent years inside some of the largest single-family rental operators and fund managers in the country, leading the acquisition and aggregation of thousands of scattered-site residential investment properties. We understand what it takes to execute at scale because we've done it ourselves.
That experience taught us the playbook that institutional operators use to grow efficiently. Our goal is to bring those same tools, structures, and capital advantages to local builders and investors who are building their own portfolios. We want to be more than just a lender. We want to be the capital partner you keep coming back to.
We're a direct lender with a defined credit box, and we'd rather tell you what's outside it up front than waste your time on a call.
Does Ledger offer second lien or gap financing?
No. Every loan we make is in first lien position. We don't offer second mortgages, mezzanine debt, subordinate financing, or gap funding behind another lender.
Does Ledger finance modular, manufactured, or prefab homes?
No. We finance stick-built residential construction only. Modular, prefab, panelized, manufactured, mobile, barndominium, kit, and container homes are outside the program.
Does Ledger make consumer or owner-occupied home loans?
No. We're a business-purpose lender for licensed builders and real estate investors. We don't finance primary residences.
What loan sizes does Ledger offer?
$100K to $5M per loan, with multi-loan structures available up to $10MM ($20MM case by case).
Where does Ledger lend?
45 states plus Washington, DC. We don't lend in Minnesota, Nevada, North Dakota, South Dakota, or Vermont.