Overview
Financing that follows your build
Construction loans fund in stages, not all at once — draws are released as work is completed and inspected, keeping the lender's exposure aligned with the value already in the ground. Interest is typically charged only on funds drawn, not the full committed amount.
Getting a construction loan approved comes down to three things: a credible budget, an experienced general contractor, and a realistic takeout plan for when the building is complete. We help you present all three the way a construction lender needs to see them — and shepherd the draw process so payments to your contractor don't stall.
Ideal for
- Ground-up development on owned or under-contract land
- Major renovation or value-add repositioning
- Build-to-suit construction for an owner-occupant
- Spec building for sale or lease-up
- Developers with an experienced GC and a bid-level budget
At a Glance
Typical deal parameters
General ranges — actual leverage depends on experience, pre-leasing, and project type.
LTC = loan-to-cost. Interest is generally interest-only during the build, converting to permanent debt or a takeout loan at completion.
Why LendHaven
We manage the draw schedule, not just the closing
A construction loan's hardest work happens after closing — keeping draws moving so your contractor gets paid on schedule. We stay engaged through the build, not just the application.