New Build
Break ground with capital in place.
Break ground knowing the money is already there. We finance ground-up homes, spec or custom, and release the funds in draws as each phase comes together. Apply online and we’ll get you a term sheet.
Overview
Financing from lot to finished home
A New Build loan finances residential construction from the ground up, whether you’re putting up a spec home or building to order. We lend up to 85% of the total cost and 75% of the finished value, releasing construction money in draws as each stage is completed and inspected. You keep building without fronting the whole cost yourself.
Who it’s for
- Builders and developers putting up spec homes.
- Custom builds with an owner or buyer already committed.
- Experienced sponsors with a real budget, timeline, and exit.
- Loan amount
- $100K – $20M
- Term
- 9 – 24 months
- Rate
- 9.75 – 12.75%
- Leverage
- Up to 85% LTC / 75% ARV
- Points
- 1 – 3 points
- Close speed
- 7 – 21 days
New construction generally prices between 9.75% and 12.75%. A builder with a track record, a grounded budget, and a clear sale or refinance at the end earns the better rate. More leverage or a more ambitious scope moves it higher.
How It Works
From lot to payoff
- Send us the projectUpload the lot, the plans, the budget, and your timeline through our secure application. No call required.
- Get your term sheetWe review the project and lay out structure, leverage, rate, and points.
- We underwrite and value itWe confirm the plans, the budget, the builder, the title, and the exit.
- CloseUsually 7 to 21 business days once your file is complete.
- Draw as you buildMoney releases stage by stage as the work is completed and inspected.
- Sell or refinanceThe loan pays off when the home sells or you refinance on completion.
Apply
What you’ll need to apply
Have these ready and we can turn a term sheet around quickly. Everything is submitted and tracked in your secure PMG portal.
- Borrower & entity
- Property / lot address
- Lot cost or ownership
- Construction budget
- Plans & scope
- Total project cost
- Estimated finished value
- Timeline
- Builder experience
- Exit strategy
Application link points to your secure PMG application. Set the live URL before launch.
- Application
- Apply online →
- Portal
- Borrower & investor login →
- FAQs
- Read common questions →
- Scenarios
- Same-day timeframe →
Questions
New Build, answered
How much of the build will you fund?
Up to 85 percent of total project cost and 75 percent of the finished value, on loans from $100K to $20M.
How do construction draws work?
Money is released in stages as each phase of work is completed and inspected, so you aren't carrying the full build cost up front.
Do you finance the lot?
Yes. Lot acquisition can be rolled in within the leverage limits, or you can contribute a lot you already own toward the project cost.
Do I need building experience?
Experienced builders earn the best terms. We'll consider newer builders on the right project with a strong team, budget, and exit.
Spec or custom?
Both. Spec builds and custom homes with a committed owner or buyer both work here.
Are the rates shown a commitment to lend?
No. The rates shown are ranges to give you a feel for pricing, not a quote. Final terms follow underwriting.
Talk To PMG
Rather talk it through first?
You can apply online whenever you’re ready. If you’d rather walk through a scenario first, send us a note and someone here will get back to you personally, usually the same day.
Private Money. Institutional Discipline. Local Relationships.
Ready to build?
Send us the deal and a real person will get you a term sheet.