New Construction
Ground-up residential financing
Construction loans for builders and investors. Finance land acquisition and vertical construction through a single facility with draw-based funding released as milestones are completed. From spec homes to small multifamily.
Loan Program Details
All loans are subject to underwriting approval. Rates, terms, and fees vary based on property type, loan-to-value ratio, borrower experience, and market conditions. Requity Lending is a commercial bridge lender; we do not offer consumer residential mortgages. Contact us for a customized quote.
Why Requity
Built for builders who break ground
Ground-up construction requires a lender who understands the build process, funds draws quickly, and does not slow down your project timeline. Traditional banks take months to close and require extensive documentation. Requity delivers construction capital with speed and simplicity.
Single-Close Simplicity
One loan covers both land acquisition and vertical construction. No need to coordinate separate land loans and construction facilities. One closing, one set of documents, and one point of contact from dirt to certificate of occupancy.
Milestone-Based Draw Process
Construction funds are released as phases are completed: site work, foundation, framing, mechanicals, and finish. Third-party inspections verify progress and funds are wired within 2-3 business days of approval. Interest is charged only on the drawn balance.
Flexible Exit Strategies
Sell the completed home at market value, refinance into a long-term DSCR rental loan, or list and hold. Your exit plan can evolve as the market shifts during construction.
Use Cases
What we finance
From single-family spec homes to small multifamily builds and accessory dwelling units. Every ground-up project has a loan structure to match.
Spec Home Builds
Build single-family homes for resale in high-demand markets. Finance the lot purchase and full construction cost through a single facility, then sell the completed home to an end buyer. Ideal for experienced builders targeting move-in-ready inventory in supply-constrained neighborhoods.
Infill & Lot Development
Develop vacant infill lots, subdivided parcels, or teardown-and-rebuild opportunities in established neighborhoods. These projects benefit from strong comparable sales, existing infrastructure, and buyer demand for new construction in areas where inventory is limited.
Small Multifamily Construction
Ground-up duplexes, triplexes, and fourplexes built as investment properties. Finance the full construction and hold or sell upon completion. Small multifamily new builds generate strong rental income and command premium valuations in markets with housing shortages.
Townhome Projects
Small-scale townhome developments of 2-4 attached units per building. Townhomes offer efficient land use and strong buyer appeal for entry-level homeownership. Construction financing covers site work through finish with draws tied to each phase of the build.
ADU & Detached Unit Construction
Build accessory dwelling units on existing residential lots where zoning permits additional density. ADUs generate rental income, increase property value, and are increasingly popular in markets with housing affordability pressures and favorable local regulations.
Land Acquisition + Build
Finance the land purchase and construction in a single facility. Acquire a buildable lot, break ground, and complete construction under one loan with one closing. Eliminates the need for a separate land loan and simplifies the capital stack for ground-up projects.
Eligibility
Who qualifies and what you need
New construction loans are for investment properties only, not owner-occupied residences. Both first-time builders and experienced developers can qualify with the right deal and team.
Eligible Property Types
We finance ground-up residential construction across a range of property types and markets.
Borrower Requirements
We underwrite the project first, then the builder. Experience and a licensed GC are key factors.
What to Bring
A complete deal package helps us deliver a term sheet within 24 hours.
Draw Process
How construction draws work
Your construction budget is held in escrow and released as phases are completed. The process is straightforward: finish the phase, request the draw, get paid.
Submit Plans & Budget
Provide your construction plans, permits, and a detailed line-item budget with your loan application. Our team reviews the build plan and structures a draw schedule around major construction phases: site work, foundation, framing, mechanicals, and finish.
Complete Phase & Request Draw
Finish a construction milestone and submit a draw request through our portal. Upload progress photos and documentation for the completed phase. Draw requests can be submitted at any point as milestones are reached.
Third-Party Inspection
A licensed inspector verifies that the completed work matches the approved plans and budget. Inspections are typically scheduled within 1-2 business days of your draw request to keep the project moving.
Funds Released
Once the inspection confirms the phase is complete, funds are wired to your account within 2-3 business days. Interest is calculated only on the drawn balance, so you pay nothing on future construction phases until they are funded.
FAQ