New Construction – Ground Up
Our comprehensive financing covers everything from land acquisition and construction costs to permits and beyond.
New Construction
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Loan Amount: $75,000 - $3,000,000
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Eligible Properties: 1-4 Family,
Multi-Family, Subdivision
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Max LTC: 85%
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MAX Loan to ARV: 70%
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Loan Term: 12, 18, & 24 Months
Easy Financing for New Construction
We have every facet of new construction financing covered: tear down, in-fill lot, multi-family, and subdivision. If you have an opportunity to develop real estate, you want us as your Lender.
What Makes Our New Construction Loans Better?
Competitive Prices:
At the end of the day, the best deal is often what builders are seeking. We paired competitive prices with an easy application and open communication lines throughout the whole process.
Creative Structuring:
Depending on the project scope, New Construction loans often require creative financing and loan agreements that support partial takeouts.
No Runaround:
On-time closings and common sense underwriting SHOULD be standard. Sadly, they're not with a lot other lenders. So we make it our highest priority to get you in, get you funded, and get you earning.
New Construction/Ground-Up Loan FAQs
Bar none, the biggest problem Turning Point Lending’s owners had when they were developing New Construction projects, was finding lenders who understood their projects. Well, we’re here to tell you, that we’re the lender who understands all of the nuance associated with New Construction Loans.
These problems can be numerous: zoning, engineering, permitting, construction capitalization, loan structure, loan agreement structure, and draw disbursals. When you work with our Team, from a compliance standpoint, we understand zoning ordinance and variance decisions, subdivision approvals and recordation, and permitting. From a project execution standpoint, we ensure that your project is adequately capitalized, so you don’t run out of money, your loan agreements are structured so that when partial takeouts are necessary, you can do them, and when draw disbursals are needed, they are funded quickly.
We lend money both ways. And when our Borrower already owns the land, we apply a fair percentage of the equity in the land to their liquidity.
Turning Point Lending supports New Construction Lending in 45 of 50 states. In the last few years, our bread and butter areas have been growth markets as lending in Charlotte, Tampa Florida, Sarasota Florida, and Cape Coral Florida has increased quite a bit.
Elevate Your Real Estate Development with Turning Point Lending’s New Construction / Ground-Up Loans
Discover unparalleled opportunities in real estate development with Turning Point Lending’s New Construction/Ground-Up Loans. These specialized financing options empower you to transform vacant or rundown lots into magnificent properties. Our comprehensive loans cover land acquisition, construction costs, permits, and more, ensuring you have everything needed to bring your vision to life.
Flexible Terms and Competitive Rates
Partnering with Turning Point Lending means access to flexible terms and competitive rates, providing a robust financial foundation for your construction projects. We understand the unique challenges of ground-up construction, and our tailored solutions streamline your journey from project inception to successful completion.
Nationwide Availability with a Focus on Key Metropolitan Areas
Our New Construction/Ground-Up Loans extend beyond geographic boundaries. While we proudly serve developers and builders in Pennsylvania, New Jersey, Delaware, and surrounding regions, we are also equipped to assist visionaries across the nation. Our services are particularly robust in key metropolitan areas such as Houston, Texas; Philadelphia, Pennsylvania; Sarasota, Florida; Seattle, Washington; Tampa, Florida; Charlotte, North Carolina; and Clearwater, Florida.
Your Trusted Partner in Construction Success
Turning Point Lending is committed to being your trusted partner in realizing your construction aspirations. With our expertise, dedication to excellence, and nationwide availability, we support you in transforming empty lots into thriving properties. Build your future with confidence and success by choosing Turning Point Lending’s New Construction/Ground-Up Loans today.
Optimize your real estate development journey and achieve your construction goals with Turning Point Lending. Contact us now to learn more about how our specialized financing solutions can elevate your projects.
Testimonials
