New Construction Loans for Investors & Builders 

Ground-up construction financing from $50,000. Draw-schedule funding released as milestones hit. No income verification. Pre-approval in 24–48 hours so your project starts on schedule, not when a bank gets around to it.
$50K+
Loan Amount
12mo
Loan Term
24-48hrs
Pre-Approval
46
States

Construction Loan At A Glance

Loan Amount $50K - $5M+
Eligible Properties 1-4 Unit SFR
Funding Method  Up to 90%
Income Verification None Required
Prepayment Penalty None
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WHY INSTALEND

Why Builders and Investors Choose InstaLend for Construction Loans

Construction financing is more complex than a standard mortgage and most lenders treat it that way. InstaLend is built differently: asset-based underwriting, fast pre-approvals, and a draw process designed around how construction actually works on the ground.
 
24-48h
Pre-Approval Speed
Get pre-approved within 24-48 hours of submitting your project details, before you finalise land acquisition or contractor agreements.
 
Zero
Income Docs Required
No W-2s, no tax returns, no employment history. Approval is based on the project's loan-to-cost ratio and borrower experience, not your pay stub.
 
Draw
Milestone-Based Funding
Funds released in staged draws as construction milestones are hit: foundation, framing, mechanical, finish work. You only pay interest on what you've drawn.
 
None
No Prepayment Penalty
Sell or refinance early without fees. If the project completes ahead of schedule, you're not penalised for paying off the loan before the 12-month term ends.
RATES & TERMS

New Construction Loan Terms at a Glance

InstaLend's construction loan financing is structured around the project, not the borrower's personal financials. Here's exactly what to expect before you submit your first draw request.
LOAN PARAMETER
INSTALEND NEW CONSTRUCTION LOAN
Loan Amount
$50,000 - $5M+
Loan Term
12 Months (extensions available)
Eligible Properties
1-4 Unit Single-Family Residential
Funding Method
Max LTC Up to 90%
Interest Payments
Interest-only on drawn amount
Income Verification
None Required
Qualification Basis
Loan-to-Cost (LTC) ratio + experience
Borrower Requirement
Licensed GC or prior construction experience
Prepayment Penalty
None
Pre-Approval Time
24-48 Hours
Exit Options
Sell or refinance into long-term mortgage
States
46 States 
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CONSTRUCTION FINANCING TERMS

Construction Loan Financing Options: Which Structure Fits Your Project?

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CONTACT US

646-844-4069

Ground-Up Hard Money
Construction-to-Perm
Conventional / Bank

Ground-Up Hard Money Construction Loan

Hard money construction loans are short-term, asset-based loans designed for real estate investors and builders who need fast approvals, flexible draw schedules, and no income documentation requirements.

The lender evaluates the project based on loan-to-cost (LTC) ratio and the borrower's construction experience, not personal W-2s or tax returns.

HARD MONEY CONSTRUCTION KEY TERMS
Qualifying basis LTC + experience
Income verification None required
Loan term 12 months
Funding Max LTC Up to 90%
HOW FUNDING WORKS

How Draw Requests Work

Unlike a traditional mortgage where funds are disbursed upfront, InstaLend releases construction loan funds in staged draws as your project hits specific milestones. You only pay interest on the amount drawn at any point, keeping your carrying costs low throughout the build.
01

Submit Scope of Work (SOW)

The borrower sends the SOW through the portal, showing which line items are complete.

02

Select Inspection Type

Choose to do a self-inspection or have InstaLend order a third-party inspection.

03

Confirm Wire Details

Receive a DocuSign for the first draw to confirm your wire details securely.

04

Same-Day Fund Release

Funds are released the same day inspection is received, based on completion percentage.

WHO ARE WE

Real Estate Investment Lenders Built for Investors, Not Banks

Ground-up construction financing is flexible enough to support several investment and development strategies. Here's how InstaLend's borrowers structure their projects.
Apartment Building Acquisition

Apartment Building Acquisition

Finance the purchase of a stabilised 5+ unit apartment building. Asset-based qualification on NOI means faster approvals without income documentation. Ideal for investors acquiring their first multifamily asset or expanding an existing portfolio.

Multifamily Refinance - Lower Rate

Multifamily Refinance - Lower Rate

Refinance an existing multifamily loan to achieve a better rate, extend the term, or restructure the payment schedule to improve monthly cash flow. InstaLend's asset-based approach means no income verification is required to refinance. Just a stabilised property with strong NOI.

Cash-Out Refinance

Cash-Out Refinance to Fund Next Deal

Pull equity from a stabilised multifamily asset without selling it. Cash-out refinancing allows investors to access capital locked in an appreciated property and redeploy it into the next acquisition. InstaLend structures cash-out refis based on the property's current appraised value and NOI.

Post-Bridge Permanent Financing

Post-Bridge Permanent Financing

The most common lifecycle: InstaLend's bridge loan funds acquisition and value-add renovation. Once the building is stabilised, full occupancy and market-rate rents are achieved, refinance into InstaLend's term loan for permanent financing at a better rate. One lender, full investment lifecycle.

Portfolio Expansion

Portfolio Expansion

Experienced investors scaling a multifamily portfolio can use InstaLend's term loans across multiple properties simultaneously. No income verification cap means no ceiling on the number of InstaLend loans you can hold. Scale portfolio exposure without hitting conventional financing walls.

Transitioning to Multifamily

Transitioning from Single-Family to Multifamily

Single-family landlords looking to scale into apartment buildings face a financing gap. Traditional banks require institutional-level documentation for commercial multifamily loans. InstaLend's asset-based term loan bridges that gap, making multifamily real estate investing accessible to investors at every level.

How to Qualify

Builder Credentials

Licensed contractors or experienced builders with a proven construction track record.

Project Plans

Submit property details, construction plans, budget, and timeline.

LTC Analysis

Asset-based approval focused on project costs and value not your income.

Property Location

Available in 46 states for 1–4 unit residential construction projects.

No Income Verification

No W-2s, tax returns, employment history, or personal income documentation required.

 
How to Qualify
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WHO IT'S BUILT FOR

Who InstaLend's New Construction Loans Are Built For

InstaLend's construction loan financing is designed for builders, developers, and investors, not first-time primary residence buyers. Here's who qualifies and benefits most.
01

Licensed General Contractors and Home Builders

InstaLend requires borrowers to hold a GC licence or demonstrate prior construction experience. If you're a builder who builds and sells, our construction loan financing is purpose-built for your business model: fast approvals, flexible draws, no income docs.

02

Real Estate Investors New Construction for Profit

Experienced investors using new construction as an exit strategy: build in a supply-constrained market, sell at a premium above renovation comps. InstaLend's construction loans for investors require no income verification and no property limit cap.

03

Build-to-Rent Developers

Investors building new construction specifically to hold as long-term rentals. Use InstaLend's construction loan for the build phase, then seamlessly transition into our SFR rental loan at completion. Both products under one lender relationship.

04

Self-Employed Investors and Business Owners

Traditional construction lenders penalise complex income structures. InstaLend evaluates your project on its own merits: LTC ratio, builder experience, and project viability. No W-2s, no tax returns needed regardless of how your income is structured.

05

Out-of-State Builders and Remote Developers

InstaLend lends in 46 states and our digital application process means you don't need to be local to close. Fund construction projects in Georgia, Michigan, North Carolina, and Massachusetts from anywhere in the country.

06

Investors Needing Pre-Approval Before Land Acquisition

Get pre-approved for your construction loan within 24–48 hours, before you finalise the land purchase or sign contractor agreements. Pre-approval confirms your loan eligibility and gives you confidence to bid on lots and secure the right builder without financing uncertainty.

SIMPLE PROCESS

How to Apply for a New Construction Loan with InstaLend

01

Submit Your Project Details

Share your lot location, planned build scope, estimated total budget (land + construction), and your builder credentials. No financial documents at this stage.

02

We Evaluate LTC and Project Viability

InstaLend reviews the project's loan-to-cost ratio and your construction experience. No W-2s. No tax returns. The project qualifies, you don't have to.

03

Close and Begin Drawing Funds by Milestone

Receive your term sheet, finalise paperwork, and close. Funds are released on your milestone-based draw schedule from day one of construction.

WHERE WE LEND

Real Estate Investor Loans Across the USA

InstaLend lends in 46 states - invest in the markets with the strongest returns, not just the ones close to a bank branch.
New Jersey Ohio Michigan Illinois New York North Carolina Florida Pennsylvania Massachusetts South Carolina Georgia Indiana Tennessee Maryland Connecticut Virginia Delaware Colorado Wisconsin Minnesota

Explore All States→

Real estate Investor 46 states
FREQUENTLY ASKED QUESTIONS

New Construction Loan FAQs

Everything builders and investors ask before breaking ground. Answered directly.
What is a new construction loan?

 A new construction loan is a short-term financing product used to fund the ground-up building of a residential property, from the initial land purchase through final inspection. Unlike a traditional mortgage, funds are disbursed in stages (draws) as construction milestones are completed, rather than as a lump sum upfront. 

Do I need income verification for InstaLend's construction loan?

 No. InstaLend's new construction loans are asset-based. Approval is based on the project's loan-to-cost ratio and the borrower's construction experience, not personal W-2s or tax returns. Self-employed builders and investors with complex income structures qualify on the same terms as W-2 earners. 

What is a ground-up construction loan?

 A ground-up construction loan finances the building of a new structure from scratch, through foundation, framing, mechanical systems, and all the way to a finished, certificate-of-occupancy-ready property. InstaLend specialises in ground-up construction loans for real estate investors and home builders. 

What experience do I need to qualify?

 InstaLend requires borrowers to be licensed General Contractors or to have demonstrated prior experience with new construction projects. This ensures the build is managed professionally and the project timeline is realistic. InstaLend reviews your build history as part of the application. 

Can first-time investors qualify for new construction loans?

Yes. Experience helps, but new investors can qualify by partnering with licensed contractors or bringing strong project plans and detailed budgets to support the application.

What is the difference between a construction loan and a regular mortgage?

 A regular mortgage funds a finished, existing property. A construction loan funds the building process, releasing money in draws as work progresses, with interest-only payments on drawn amounts during construction. Once the build is complete, investors either sell or refinance into a long-term mortgage. 

How do draw requests work?

 The borrower submits a Scope of Work through InstaLend's draw request portal showing which line items are complete, then selects either a self-inspection or a third-party inspection. The borrower also receives a DocuSign for the first draw on every new loan to confirm wire details. Funds are released the same day the inspection is received, based on the project's percentage of completion multiplied by the holdback, minus amounts already released in prior draws. Each wire release carries a $30 wire fee and a $270 inspection fee, deducted from that draw's total. 

Can I get pre-approval for a construction loan before buying land?

 Yes. InstaLend offers pre-approval for construction loans within 24–48 hours of submitting your project details. Pre-approval confirms your loan eligibility before you finalise land acquisition or contractor agreements, giving you the confidence to bid on lots and negotiate with builders. 

Which states does InstaLend offer construction loans in?

InstaLend offers new construction loans in 46 states across the USA. We do not currently lend in North Dakota, South Dakota, Arizona, California, or Utah. Top construction markets include Georgia, Florida, North Carolina, Michigan, Massachusetts, New Jersey, Indiana, and Pennsylvania.

Can first-time investors qualify for new construction loans?

Yes. Experience helps, but new investors can qualify by partnering with licensed contractors or bringing strong project plans and detailed budgets to support the application.

READY TO BREAK GROUND?

New Construction Financing That Moves at Build Speed

Pre-approval in 24–48 hours. No income verification. Milestone-based draw schedule. InstaLend has funded construction projects across 46 states, from spec home builds to multi-unit infill developments.