Construction loans

How construction financing works

A construction mortgage isn’t advanced as one lump sum. Funds are released in progress draws tied to completion stages, verified by an appraiser:

• Land / foundation draw — typically at ~15–20% completion
• Lock-up draw — framing, roof, windows and doors (~40%)
• Drywall draw — interior systems complete (~65%)
• Completion draw — occupancy-ready (~97–100%)

During construction you typically pay interest only on funds drawn. At completion, the loan converts to (or is replaced by) a standard mortgage.

Where I add value

Construction files are the most detail-heavy mortgages there are: budgets, fixed-price contracts, builder credentials, permits, draw schedules, and contingency reserves all need to line up. I package your project the way lender underwriters want to see it, match you to lenders who actually like construction deals — including alternative lenders for self-builds the banks avoid — and manage every draw so trades get paid on time.