The Premier Private Money Lender for Virginia (New Construction) Real Estate Investors

Lima One provides ground-up construction loans in Virginia for residential investment properties, including single-family builds, infill development, and multi-unit construction up to four units. Whether your construction project targets Northern Virginia's active townhome corridors, the Richmond metro's fast-growing suburban counties, or coastal markets in Hampton Roads and Virginia Beach, our New Construction and Build2Rent® programs can be structured to fit your timeline, construction costs, and exit strategy. We specialize in vertical construction financing on infill, shovel-ready, fully entitled land.

A construction to permanent loan allows you to finance the build and then convert to permanent financing without going through a full second closing. With Lima One's Build2Rent® program, investors who plan to hold their completed investment property as a rental can refinance directly into a long-term DSCR rental loan with discounted origination fees and no seasoning requirements. This reduces the cost and friction of moving from your short-term construction loan into a permanent mortgage and removes the rate risk that comes with trying to time two separate mortgage loans in a shifting market.

Yes. Lima One's new construction loans in Virginia are structured as interest-only during the construction period, so you're only paying on drawn funds rather than the full loan amount from day one. This keeps carrying costs manageable while your construction project progresses. We offer 13, 19, and 24-month term options to accommodate projects of varying scope and complexity. Loan amounts range from $100,000 to $5 million, and rates are competitive based on your credit profile, liquidity, and experience as a real estate investor.

When evaluating construction loan lenders in Virginia, the key factors are capital stability, draw speed, and in-house servicing. A lender who outsources their draw process or services your loan through a third party introduces unnecessary delays and communication gaps into your construction timeline. Lima One handles everything in-house — from loan origination and underwriting through construction management, draws, and final payoff — which is why real estate investors across the Commonwealth return to us for multiple projects.

Hard money construction loans typically offer speed but come with higher interest rates, volatile funding sources, and less reliable capital. As a private money lender backed by MFA Financial, Lima One combines the leverage and speed of private lending with the capital stability and in-house processes you'd expect from an institutional lender. That means lower rates than traditional hard money, reliable draws that fund in as little as one business day, and a dedicated team that stays with your construction project from application to final payoff.

The best construction loans in Virginia for investors are those built around investor underwriting, not personal income verification, tax returns, or W-2 documentation. Lima One's approval process evaluates your credit score, liquidity, and real estate investing experience, which means more investors can access short-term construction financing regardless of their employment structure. Our mortgage loan officers work with real estate investors across Virginia to customize loan programs to each project's specific construction costs, timeline, and permanent financing plan.