What Is a New Construction Loan?
A “new construction loan” (sometimes called ground-up or construction loan) helps you finance everything from land acquisition to final build — permits, materials, labor, and finishing costs. Instead of waiting for a fully built property, you borrow for the project from the ground up.
At Green Room Funding, we specialize in investor-friendly construction loans — giving you the flexibility, speed, and support traditional banks often can’t match.
Why choose our construction loan?
Cover land + build + rehab
costs in one loan
Lot purchase, permits, materials, labor, closing, and more.
Flexible draw schedules
Funds are released in stages as construction advances, matching real-world cash-flow needs (foundation, framing, finishes, etc.).
Interest-only payments during construction
Pay only interest while project is underway, easing cash flow before rental/exit starts.
Tailored to investors and developers
Whether you’re building single-family rentals, small multifamily, or short-term rentals — we underwrite based on project scope and exit strategy.
Speed and flexibility vs traditional financing
Private construction loans often approve and fund faster than conventional bank construction loans, helping you move quickly on deals when timing matters.
New Construction Loan Highlights
New Construction Loan Features
Details
Maximum Leverage
Up to 90% LTC and up to 70% LTARV
Loan Amounts
Loans from $100,000 to $5,000,000+
Term Options
19- and 24-month loan terms available
Payment Structure
Interest-only payments; only pay on drawn funds
Draw Process
Fast draw process — funds in as little as four days
Property Types
1–4 unit residential new construction
Rates
Rates as low as 9.45%
Cash-Out Option
Cash-out refinance option available
Experience Requirement
Use prior fix & flip experience to qualify for new construction financing
How it works?
01
Submit Your Deal
Fill out our quick online form with property details, rehab budget, and exit plan.
02
Get a Term Sheet Fast
We review the deal — not your personal income — and give you transparent terms based on ARV, rehab scope, LTC/LTV.
03
Close & Rehab
Once terms are accepted, we fund the purchase. Rehab funds are released based on draw inspections.
04
Complete & Exit
Sell or refinance the property to pay off the loan. Your profit — and next opportunity — begins.
