New Construction Loans Simplified
Best For:
- Luxury Product or Multi-Parcel
- Lowest Rates
- Maximum Leverage
- Flexible Closing Dates
- Full Appraisal
- 3rd Party Inspector Draws
- 24/7 Borrower Portal
- 70% AIV | 85% LTC | 70% ARV
- Rate: 9.875%
- Origination: 1.5%
Best For:
- Shovel-Ready Infill Projects
- Fast Closings
- Minimizing Cash at Close
- Competitive Rates and Leverage
- No 3rd Party Appraisal
- Self-Inspection Draw Funding
- 24/7 Access Borrower Portal
- 70% AIV | 85% LTC | 70% ARV
- Rate: 10.375%
- Origination: 1.5% Upfront or 2.5% at Payoff
How is a New Construction Loan Different Than Other Hard Money Loans?
New construction loans differ from rehab loans in that the loan needs to accommodate the supplies, labor, inspections, etc. to construct the property — as well as the completed project.
Who Do We Work With?

Frequently Asked Questions
A construction loan is a type of bridge loan or hard money loan. The loan is secured by the value of the asset to be built. The loan covers a portion of the cost to purchase the land, if needed, as well as the supplies, labor, etc. to build the property. The leverage is based off of the value of the finished property.
Yes. We have the capability to fund up to 100% of construction costs. Similar to other funding mechanisms, after closing we'll hold a portion of the construction funds back and release them as project milestones are met, subject to inspection.
Yes. Many borrowers refinance out of the Upright loan, or rent the property and refinance out into a long-term loan, which we can help you with too!