New Construction Hard Money Loan - Hard Money Lender Direct

Connecting you with the best Hard Money Lenders for New Construction Loans!

Are you an experienced home builder? Let Hard Money Lender Direct to find you the best loan programs for new construction in just a matter of minutes. Within our network, the direct local lenders offer new construction loans that fund up to 70% of the lot purchase, and 100% of construction (75% LTV / 95% LTC). Just click the get started button and provide a few quick pieces of information. No credit check, no obligation, and it’s FREE!
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Are you looking for a hard money loan for new construction? - Let Us Help!

Save Time & Money

Use our network to find the right hard money lender to meet your real estate investment needs. We understand time value of money and opportunity cost, that’s why our streamlined process only takes a few minutes. The information you provide will help us determine the best hard money lender for you. Then we will introduce you to a direct lender that we believe will offer you the best terms with no mark up from us. You will then work with that lender to get your loan approved. That process usually takes less than 24 hours, loans usually close in 2 weeks or less.

Go Direct!

Not all lenders are created equal. A hard money lender needs to be flexible, as no two real estate investments are the same. The lenders in our network are DIRECT hard money lenders. That means they have their own money to lend which provides them with the flexibility to make common sense decisions. This also means they can approve loans in hours, close in days, and fund construction draws in 48 hours. Banks and other conventional financing sources are check the box lenders. Banks simply can’t compete with the speed hard money loan programs offer.

Get the Best Terms

Our hard money lenders are highly vetted prior to us making the introduction. We know they offer the most competitive rate and terms and have a proven track record of closing loans. Our lenders don’t charge junk fees, they are completely transparent. Bridge loans are always at least 12 months, interest only, with no prepayment penalties or minimum interest requirements. There are low down payment programs available for experienced investors. That said, there is no obligation on your part and our service is fast and free.

Featured New Construction Hard Money Loans

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What is a hard money new construction loan?

A new construction loan provides a builder with capital to fund a majority of the lot purchase, and 100% of the cost to build the house. Typically, a hard money lender will fund up to 70% of the lot purchase. Lenders want to fund 100% of construction because it gives them the comfort of knowing the funds will always be available to complete the project. This provides construction lenders with the ability use the value of the completed house when underwriting the loan. The construction funds are “held back” in escrow and funded in draws as work is complete. This includes a 3rd party inspector to go to the property and take pictures, issue a report to the lender, who then wires approved funds to the borrower. This draw process is pretty standard industry wide, and it should only take 48-72hrs. Most hard money lenders do not charge interest on the construction hold back, only the outstanding balance. The borrower will continue work on the house being reimbursed until the house is complete and the loan is fully funded. The house will sell the borrower will pay off the hard money loan from sale or refinance.
new construction loan
new construction lender

How do I get a hard money loan for new construction?

It’s easy to get a hard money loan for new construction! Unlike conventional real estate lenders like banks, the process with a hard money lender is FAST and requires a lot less paperwork. Once you get the lot under agreement, you come to Hard Money Lender Direct. You provide us with very basic information on the project and we connect you with who we believe is the best local direct lender for new construction loans for FREE. You will need to have a detailed construction budget, plans, and specs of finishes ready in order for the lender to finalize their loan quote. Most lenders will have a credit score requirement and a minimum liquidity amount to ensure you have enough working capital to go through the draw process. Hard money loan programs usually don’t require tax returns or a lot on the borrower’s financial condition. You will work directly with the lender to get your loan approved. Loans are usually approved within 24 hours.

A One-Stop-Shop For Hard Money Loans!

We match real estate investors with the best hard money loan programs available today.

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FIX & FLIP
NEW CONSTRUCTION
RENTAL LOAN
CASH OUT REFINANCE

No Credit Check Required, No Obligation, 100% FREE!

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