SLA Capital's New Construction loans finance up to 85% of your land purchase and 85% of construction costs on a single loan. Rates from 10%, non-Dutch interest so you only pay on what you've drawn, and land doesn't need to be permitted to qualify. Loans $100K to $7.5M in 42 states.
A new construction loan is short-term financing for building a property from the ground up. It typically covers land acquisition, vertical construction, and an interest reserve on a single loan, with construction funds disbursed via draws as the build progresses through inspection milestones. Once construction is complete, the loan is paid off through a sale of the finished property or refinanced into long-term financing.
SLA borrowers commonly build a rental property using a New Construction loan, then refinance it into a long-term DSCR loan at completion once the property is stabilized.
Up-front pricing on every loan. The rate you're quoted is the rate you close at — no surprises at the closing table.
Up to 85% of the land purchase price plus 85% of construction costs. High leverage that keeps your capital deployable across multiple projects.
Pay interest only on the funds you've actually drawn, not on the undrawn balance. Keeps carrying costs down during early build phases.
Choose the term that fits your build schedule. Straightforward extensions available on active projects.
Land does not need to be permitted or warranted before loan approval. Get under contract and permit in parallel.
From single infill lots to multi-unit projects. Same clean underwriting from starter builds up to $7.5M.
Enter the land, the build budget, and the projected finished value. Our platform returns a real term sheet in minutes — LTC, rate, reserve, draw schedule. Underwrite the deal before you're even under contract.
Same-day draw approvals when inspection photos and invoices are in. Every request runs through the same platform that already knows your project — no re-explaining, no lost paperwork.
Finance the land purchase and the vertical construction with one loan, not two closings. One rate, one draw process, one team — from acquisition through certificate of occupancy.
"SLA has this figured out and saves us major headache on our projects."
A new construction loan is short-term financing for building a property from the ground up. It typically funds land acquisition, vertical construction, and an interest reserve on a single loan, with construction funds disbursed via draws as the build progresses. Once construction is complete, the loan is paid off through a sale or refinanced into long-term product.
SLA Capital finances up to 85% of the land purchase plus 85% of construction costs. Loans range from $100,000 to $7,500,000.
No. SLA Capital does not require the land to be permitted or warranted before loan approval. Get under contract and start underwriting in parallel with permitting.
Non-Dutch interest — borrowers pay interest only on funds that have been drawn, not on the undrawn balance of the construction budget. This keeps carrying costs down during early build phases when most of the loan hasn't been disbursed yet.
18-month and 24-month terms available. Extensions can be added on active projects for reasonable extension fees.
Rates start from 10%. Every rate is transparent and up-front — no bait-and-switch at the closing table.
Send us the land, the build budget, and the projected finished value. We'll return a real term sheet the same business day.
Refinance your finished build into long-term rental financing. Rates from 5.75%, up to 80% LTV, 3-month seasoning on cash-outs.
Purchase + rehab bridge financing sized off ARV. Up to 100% LTC for premier borrowers. Close in as little as 72 hours.