New Construction Loans
For more experienced investors, our new construction loans offer fast and easy funding for land acquisition and construction costs. We have years of experience in the construction space and take a consultative approach throughout the entire project. Our team understands the important role we play in your real estate business and will work alongside you to help you grow and scale your business.
Ground-up construction loans are designed to provide experienced builders and investors with the financing they need to start from scratch and acquire land, offering flexibility in assessment and a fast closing process that isn't available with conventional financing.
At JCREIG Capital Funding, we tailor our programs to your experience and your project. Use our Ground Up Construction loan product to fund your next spec home. Designed for experienced home builders building 2-200 homes per year, this loan allows you to use higher leverage than banks traditionally offer, while closing quickly.
Use our fast, dependable, proven capital at competitive rates to make your next project profitable. Our draw process is simple and straightforward to allow you to keep your project on track.
- Investment Properties Only
- Keep in the name of an LLC
- Close in 15-30 Days(and even in as few as 10 days)
- Higher Leverage with More Experience
- We Pay Brokers
Frequently Asked Questions
Construction loans can be used for ground up, new construction or to renovate a mid-construction project. They are for 1-4 family projects under $2.5 million and multifamily projects under $10 million.
No. We can only finance projects that are for builders. However, our Ground Up Construction Loan is designed for small to mid size builders who may be building a property for your primary residence. Your builder must own the lot or purchase the lot for us to finance on it.
We can finance up to 65% of the dirt costs, and 100% of the construction costs.
We can only finance the dirt / land costs when adding in construction into the loan. We must have plans and permits to finance the land, and we have to include the ground up construction costs into our loan.
- Yes, in order for us to finance your land costs, you must have the permits and plans prior to closing. If you already own the land, we can finance the ground up construction costs once you have the plans and permits.
Generally we are very accommodating on extensions, so long as payments are on time, and the project is moving along.
Yes! We can still help, although we will require a contract with a licensed general contractor/ builder. Once you complete one or two of these, then we can help finance you without a GC.
New Construction Draws are done on a reimbursement basis based on improvements to the project. The reimbursement is based on the costs you provide, so no receipts are needed. To request a draw, simply go onto the top right corner of our website homepage, and click draw request. From there, an inspector will go out to inspect the project, and you should receive your funds within 3-5 business days. You can speed the process up by scheduling a draw in advance of the day you need it, so the inspector goes out the day the work is being done. Our in-house draw team is also available to assist anytime you need help or have questions.