Business-purpose loan program

Ground-Up Construction Loans in New Jersey

Non-bank construction financing for investors and builders in New Jersey. Our program can cover land acquisition and horizontal development as well as vertical construction costs on shovel-ready lots.

Get a loan quote Call 609-488-6300

What the loan can cover

Land acquisition, horizontal development such as site work and utilities, and vertical construction. Investors who already own free-and-clear land can ask about reimbursement of their cost basis.

Project types

Traditional single-family homes, teardown-and-rebuilds, small multifamily buildings, scattered-site projects and subdivisions.

How draws work

After each stage of work, you request a draw. The lender's inspector confirms the work, and the funds are released. Fast, predictable draws keep contractors on schedule.

Program terms

We publish only confirmed terms. Pricing depends on your credit, experience, leverage and the property, so ask a loan officer for current terms.

Maximum LTC	[CONFIRM: Construction max LTC (current site: 90% on shovel-ready)]
Acquisition advance	[CONFIRM: Construction % of acquisition at record plat (current site: 75%)]
Horizontal costs	[CONFIRM: Construction % of horizontal cost (current site: 85%)]
Vertical costs	[CONFIRM: Construction % of vertical cost (current site: 100%)]
Draw turnaround	[CONFIRM: Construction draw turnaround (current site: as little as 3 business days)]
Appraisal	[CONFIRM: Construction appraisal requirement (current site says none required)]
Term	[CONFIRM: Construction term]
Loan amount range	[CONFIRM: Construction min/max loan amount]

What you'll need

Approved plans and permits, or the permit timeline
Line-item construction budget and schedule
Builder or general contractor information and experience
Land purchase contract or deed
Survey and any site approvals
Entity documents and W-9
Bank statements

New Jersey notes

New Jersey construction runs through the municipal construction office and often the planning or zoning board. Approvals, soil and stormwater reviews, and utility connections can take longer than the build, so plan the loan term around them. On the shore, flood elevation rules apply.

For more detail, read our guide: Why Real Estate Investors Borrow Through an LLC in New Jersey.

Construction Loans across New Jersey

We make construction loans in all 21 counties. Choose a county to see local considerations.

Local markets

Construction Loans: frequently asked questions

Do you finance teardown-and-rebuild projects?

Yes. The loan can fund the new build on an existing lot, with draws released as construction progresses.

Do I need permits before closing?

Usually yes for vertical construction draws. Talk to us about land and horizontal-stage financing while approvals are pending.

Can I refinance into a rental loan when the build is finished?

Yes. If you'll hold the property, a DSCR loan can refinance the construction loan once it's complete and leased.

Do you lend to first-time builders?

Experience matters for construction. First-time builders may need an experienced general contractor and more equity in the deal.

How are draws inspected?

An inspector confirms each completed stage, by site visit or photos depending on the program, before funds are released.

Ready to talk about a deal?

Send the basics on a property and a loan officer will follow up. You'll hear back from a person, not a call center.

Start your application Call 609-488-6300