New Construction Loans
Finally, a Lender Built for Builders
Building To Sell Or Building To Rent, We’re Your Partner From Beginning To End.
Loans for builders with shovel-ready lots or teardown projects. Spec houses or model homes, infill, teardown, or subdivisions.
- Up to 85% LTC, 70% LTV
- Loans from $100k to $3mm
- 13, 19, 24-month term options
- Non-recourse available
- Interest-only loans, paying only on drawn funds
Loans for builders looking to build and retain the property as a rental. Save time, money, and headaches using our Build2Rent® products.
- Single property and portfolio loan options
- Fast, simple closings on both the construction loan and rental loan
- 13, 19, 24-month term options for the construction
- 5, 10, 30-year term options for the rental loan
- Non-recourse available
Free up working capital with bridge financing on completed new home inventory or for model homes.
- Fast closing
- Exterior valuations*
- No prepayment penalty
- Up to 80% LTV
- Non-recourse available
- 13, 19, 24-month term options
- Single loans and portfolio blanket loans
*Exterior valuations available case by case. Loan amount, product, and market restrictions may apply.
Grow Your Business With Our Industry Leading Line of Credit for Builders
CERTAINTY
A line of credit from Lima One provides you with certainty, knowing you have easily accessible capital with reliable terms and structures, whenever you need it.
FLEXIBILITY
Your line of credit can be used to finance multiple product types, including new construction, bridge, build-to-rent, fix-and-flip, and rental properties.
SPEED
Our average time from initial submission to borrower approval is under 10 days.
SIMPLICITY
One-time borrower underwrite with a simple, non-invasive renewal process to extend credit line duration. This means once you’re approved, we only need to underwrite the property before funding, not the borrower.
From Initial Application To Final Payoff, We’re Here For You.
In House Servicing Throughout the Term of Your Loan
New Construction Case Study
Park City, Utah
New Construction Case Study
Boise, Idaho
New Construction Portfolio Case Study
Pineville, NC
You Have A Choice…Choose The Best!
Best in Class
- Delivers exceptional customer service at every single step along the way
- Retains all customer touch points in house, from initial application to final payoff
- Has all the loan programs you need (rehab, rental, new construction, multifamily)
- Has a variety of term and structure options (13-24 months, non-recourse, single loans and portfolios)
- Has a simple and flexible Line of Credit that allows funding for all loan programs, with a simple borrower underwrite and a simple renewal process
- Fast underwriting and draw process
- Pay interest only on what you draw, not on unused funds
The Usual
- Gives customer experience lip service, but fails to deliver when it matters
- Outsources the most important aspects of the loan (construction management and servicing), forcing you to deal with multiple vendors out of the lender’s control
- Has limited loan programs and product options
- Requires constant re-underwriting and the same documents over and over
- Takes forever to sign off on a project
- Painfully slow to release draws
- Requires you to pay interest on unused funds