Whether you are an experienced builder or a real estate investor developing your next project, a New Construction Loan provides the financing needed to turn your plans into completed property. Star Rich Funding connects borrowers with lenders offering competitive financing for residential and commercial construction projects.
Construction loans can help cover land acquisition, materials, labor, permits, and other building costs. Funds are typically distributed in stages as construction progresses, allowing you to manage cash flow while keeping your project on schedule.
Our Lending Network Offers Financing For
- Ground-up residential construction
- Single-family homes
- Multi-family developments
- Investment properties
- Commercial construction
- Spec home projects
- Custom home builds
Whether you’re building your first investment property or expanding your portfolio, we’re here to help you find financing that fits your project.
Benefits of a New Construction Loan
- Finance up to a high percentage of total project costs (depending on lender)
- Flexible loan options for investors and builders
- Draw schedules based on construction milestones
- Interest is generally paid only on funds that have been disbursed during construction
- Competitive rates and loan terms
- Fast approval process through our lending network
- Financing available for residential and commercial projects
- Options for experienced and qualified first-time builders
- Potential transition to permanent financing after completion
- Dedicated guidance throughout the loan process
Planning a New Construction Project?
“We make it fast, simple, and easy.”
Own your land free and clear? Depending on the lender, project, land equity, and borrower qualifications, financing may be available for up to 100% of eligible construction costs.
Qualifications
Loan Range: $250,000–$25,000,000
Closing Time: Approximately 21–45 days
Minimum Credit: Typically, 650*
Loan Terms: 12–24 months
Experience: Typically, 1–2 years*
Payments: Generally, interest-only on disbursed funds
Programs and requirements vary by lender. Stronger credit, experience, liquidity, and project fundamentals may result in more favorable financing options.
Required Documents
When applying, you may be asked to provide:
- Completed loan application
- Government-issued photo ID
- Construction plans and blueprints
- Detailed construction budget
- Building permits (or proof they are in process)
- Contractor agreement and license information
- Project timeline
- Property purchase contract or land ownership documentation
- Bank statements
- Tax returns (if required)
- Business financials (for business borrowers)
- Personal Financial Statement
- Credit authorization
- Entity documents (LLC or Corporation, if applicable)
“Cash in Reserves for this project” → Cash Reserves Available for Project
Why Choose Star Rich Funding?
At Star Rich Funding, we work with multiple lending partners to help you find financing that fits your construction project. Instead of searching for lenders on your own, we compare available loan options to help you secure competitive rates, flexible terms, and a smoother financing experience.
Whether you’re building an investment property, custom home, or commercial project, our goal is to help you move from blueprint to completion with confidence.
Frequently Asked Questions
- What is a new construction loan?
A new construction loan is short-term financing designed to help pay for building a new home, investment property, or commercial building. Funds are typically released in stages as construction progresses.
- Can I finance both the land and construction?
Yes. Some lenders offer financing that includes both land acquisition and construction costs, while others require the land purchase to be financed separately. We can help determine which option best fits your project.
- How are construction loan funds disbursed?
Instead of receiving the full loan amount upfront, funds are released through scheduled draws after construction milestones are completed and inspected.
- Do I need a licensed contractor?
Many loan programs require a licensed and insured general contractor. Some lenders also offer financing for experienced owner-builders, depending on qualifications.
- What credit score is required?
Credit requirements vary by lender. While higher credit scores often qualify for better terms, we work with a network of lenders offering programs for a variety of borrower profiles.
- Can real estate investors qualify?
Yes. Many of our construction loan programs are specifically designed for real estate investors, builders, developers, and experienced borrowers.
- Can I build an investment property?
Absolutely. Construction loans can be used for investment properties, spec homes, rental properties, fix-and-build projects, multi-family developments, and commercial construction.
- How long does the approval process take?
Approval timelines depend on the lender and project complexity. Having your construction plans, budget, contractor information, and financial documents ready can help speed up the process.
- What happens when construction is complete?
Depending on the loan program, the construction loan may be paid off through the sale of the property or converted into permanent financing if available.
- Why use Star Rich Funding?
Instead of applying with one lender, Star Rich Funding works with a network of lending partners to help you with financing options based on your project’s size, timeline, and financial qualifications.
Ready to Build?
Complete our secure loan request form today to receive a free, no-obligation financing consultation. Our team will review your project and match you with lenders that best fit your construction financing needs.
Please Note: Loan programs, rates, terms, down payment requirements, eligibility, and approval timelines vary by lender and borrower qualifications. Contact Star Rich Funding to discuss available financing options for your construction project.
Disclaimer
Disclaimer
Loan programs, interest rates, terms, and qualification requirements vary by lender. All financing is subject to lender approval, underwriting guidelines, and applicable laws. Star Rich Funding is a loan broker and does not directly fund loans.
Real estate financing is subject to property review, borrower qualifications, and lender underwriting guidelines