With our new construction loan programs, we cut the red tape and give you the flexibility to scale. From setting your maximum exposure to closing quickly, we make the process simple.
And once your first deal is complete, we’re plug-and-play from there. Send us your application, budget, and plans, and we’ll ensure your next project is funded without delays.
With Turning Point Lending by your side, you'll have access to flexible terms and competitive rates that create a solid financial foundation for your construction project.
Embark on a transformative journey in the world of real estate development with Turning Point Lending's New Construction Loans. These specialized financing options are the stepping stones to turning vacant or rundown lots into magnificent properties. Our comprehensive financing covers everything from land acquisition and construction costs to permits and beyond.
New Construction Program Highlights
Loans from $150,000 to $3,000,000
Up to 100% of construction budget
Fast draw process, disburse funds in as little as 3 days
Up to 24-month term available
1-4 Single-Family Homes, Condos, Townhomes
LLCs, LPs, and Corporations
UP TO
85%
Loan to Cost (LTC)
for Your New Construction Project
Easy Financing for New Construction
At Turning Point Lending, we cover every aspect of new construction financing, whether it’s a tear down, in-fill lot, multi-family project, or subdivision. If you’re developing real estate, we’re the lender you want by your side.
What sets our new construction loans apart is a combination of competitive pricing, streamlined processes, and open communication. We know builders are looking for the best deal, so we’ve paired great rates with an easy application process to keep things moving smoothly from start to finish.
New construction projects often require creative solutions, and we’re here to provide flexible structuring tailored to your project scope, including partial takeouts when needed. Unlike other lenders, we eliminate the runaround by prioritizing on-time closings and common-sense underwriting. We focus on getting you in, getting you funded, and helping you maximize your earning potential without unnecessary delays.
Testimonials
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.
