From land acquisition to financing building materials, we have the means to make your property come to life.
Let us help you build your future.

All About Our Construction Loans

  • Ideal for build-ready infill, tear down, and spec homes
  • Not for tract homes or subdivisions (10+ homes)
  • Mid-construction[17] options available
  • Loans available for single family and multi-family properties
  • 12 or 18 month loans terms

New Construction Loans

LOAN PURPOSE New construction projects
INTEREST RATE[1] Rates as low as 9.99%
LOAN AMOUNT $300K to $10MM
LOAN TERM 12 months
BORROWER TYPE Individual or group
EXPERIENCE Based on prior 36 months
MAX LOAN-TO-VALUE (LTV)[7] 65 to 70%
MAX LOAN-TO-COST (LTC)[8] 80 to 85%
LTV VS. LTC We use the best calculation for your project
CONSTRUCTION FINANCING Up to 100%
PROPERTY TYPE
  • Single Family Residences (SFR)
  • 2 to 4 unit properties
  • Multi-family 5-20 unit properties
  • Mixed-use
  • Townhouses
  • Condos [15]

Discover How a Construction Loan
Can Work for You

  • We can assist with land acquisition when needed.[10]
  • We can help with multiple properties at the same time.[11]
  • We will thoughtfully advise and lead you through the entire process, answering all the questions you have along the way.

Find out what Penstock can do for you

Compare offers
From up to 3 lenders
Request a quote
Use our rental loan calculator to get an instant quote on a loan that’s tailored to your needs
Get a quote