Hard Money New Construction Loans

Let HardMoneyMan.com Fund Your Next Build! We specialize in making spec loans for builders.

Hard Money New Construction Loans fast!

Hardmoneyman.com LLC is the market leader for hard money new construction loans. We have made thousands of hard money new construction loans over the last 2+ decades.

While many lenders claim to make ground up construction loans, we have built houses ourselves and understand exactly what our borrowers are looking for in a lender on their deals.
With our commonsense underwriting and quick closings, you will never look for another lender again after closing your 1st deal with us!!

New construction spec loans require a lender that understands the whole process from acquiring the lot (or lots and putting the pieces of the land together), to entitlements, permits, approved plans and then most important, closing your loan and getting your draws done quickly.

Apply Now

Submitting your application package for a Ground Up construction loan is quick and easy

Hard Money New Construction Loans

These are loans for builders with lots that you’re ready to go vertical on (shovel ready), or houses that need to be torn down and rebuilt, spec homes, model homes for subdivisions.

Overall Loan Criteria for New Construction

Minimum $150K Completed Value after the build
620+ Mid Credit Score
Minimum 1 or more new builds and sales in the last 36 months
Rates Starting at 7.99%
12-24 Month Term
Loan Amounts from $100k – $3M
This is for 1-4 unit residential and townhouses only

Lot Purchase + Construction

620+ Mid Credit
50-75% Lot cost
100% Construction cost
80-90% Total Loan to Cost
65-75% Completed Value
Minimum 1 new build and sale in the last 36 months required

** The above percentages are based on credit and experience

Construction Funds Only (Lot Already Owned)

620+ Mid Credit
80-85% Loan to Cost
65-75% Completed Value
Minimum 1 new build and sale in the last 36 months required

** The above percentages are based on credit and experience

Same Day Decisions on your Hard Money New Construciton Loan – Apply Now!

Get Pre-Qualified

HardMoneyMan.com LLC lends for new construction in the following states:

Alabama

Alaska

Arkansas

Arizona

California

Colorado

Connecticut

Delaware

Florida

Georgia

Hawaii

Illinois

Indiana

Iowa

Kentucky

Kansas

Louisiana

Maryland

Massachusetts

Michigan

Minnesota

Mississippi

Missouri

New Jersey

New Mexico

North Carolina

New York

Ohio

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

Tennessee

Texas

Utah

Virginia

Washington

Washington DC

West Virginia

Wisconsin

Get Your Pre-Approval

Step 1 of 3

Please answer a few questions to see if your loan scenario is eligible for one of our hard money loan programs, or our landlord 30 year program.

Email(Required)

Property State(Required)

Collateral Type(Required)

Do you live at the property?(Required)

Yes

No

Are you a...(Required)

Real estate investor

Broker

Borrrower Information

Your Company Name

Phone(Required)

First Name(Required)

Last Name(Required)

Address(Required)

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

Collateral Type(Required)

Purchase or Refinance?(Required)

Purchase

Refinance

Purchase Price:(Required)

Rehab Costs:(Required)

After Repair Value (ARV):(Required)

As is value (Stated):(Required)

Credit Score:(Required)

Loan Information

Amount Requested:(Required)

Desired Term:(Required)

Use of Funds:(Required)

Exit Strategy:(Required)

Referral Source:(Required)

Search Other Moolah List lBiggerPockets.com Attorney Partner Referral Real Estate Agent Personal Network Website Direct Social Media Email Marketing

Guarantor Contribution:

Target Closing Date:(Required)

Acquisition Details:(Required)

Rehab Description (if applicable):

CAPTCHA

Hard Money New Construction Loans FAQ

1. How long does it take to close my hard money construction loan? We can close and fund a ground up construction loan in as quickly as 10 business days.

2. Will my spec home loan require an appraisal? Yes, we do require an appraisal on all spec home construction loans. We will do an as is value of the land as well as the completed value of the house when built.

3. I’m a builder by trade, will you fund the soft cost in my construction hard money loan? We can fund some of them, mainly permits, architect fees, cost of the plans.

4. Do construction hard money loans require ground up experience? We have two options for our hard money construction loans to show your experience, first is you must have bought, built and sold at least 1 house in the last 36 months. The other is if you have heavy rehab experience (at least a 125k rehab budget) on 3 completed flips in the last 36 months.

5. Will you verify my experience to qualify for your hard money construction loans? Yes, we will require an REO schedule to be completed detailing your previous ground up construction loans.

6. Do your hard money construction loans require a personal guarantee? Yes they do.

7. Will you close my spec home loan in my personal name or do you require an LLC? We require that you take title for your ground up construction loan either in an LLC or a corporation.

Hard Money New Construction Loans

Let HardMoneyMan.com Fund Your Next Build! We specialize in making spec loans for builders.

Hard Money New Construction Loans fast!

Hard Money New Construction Loans

Overall Loan Criteria for New Construction

Lot Purchase + Construction

Construction Funds Only (Lot Already Owned)

Same Day Decisions on your Hard Money New Construciton Loan – Apply Now!

HardMoneyMan.com LLC lends for new construction in the following states:

Get Your Pre-Approval

Borrrower Information

Loan Information

Hard Money New Construction Loans FAQ

1. How long does it take to close my hard money construction loan? We can close and fund a ground up construction loan in as quickly as 10 business days.

2. Will my spec home loan require an appraisal? Yes, we do require an appraisal on all spec home construction loans. We will do an as is value of the land as well as the completed value of the house when built.

3. I’m a builder by trade, will you fund the soft cost in my construction hard money loan? We can fund some of them, mainly permits, architect fees, cost of the plans.

5. Will you verify my experience to qualify for your hard money construction loans? Yes, we will require an REO schedule to be completed detailing your previous ground up construction loans.

6. Do your hard money construction loans require a personal guarantee? Yes they do.

7. Will you close my spec home loan in my personal name or do you require an LLC? We require that you take title for your ground up construction loan either in an LLC or a corporation.

8. Does your company work with brokers? Of course!!

9. Do your spec construction loans have a prepayment penalty? We do NOT have a prepayment penalty on our hard money construction loans