STRATEGIC FINANCING SOLUTIONS FOR NEW BUILDS

Specialized New Construction Loans for Investors and Builders

At Sprint Lending, we provide flexible new construction loans designed for real estate investors and homebuilders looking to create new properties in today’s growing markets. We recognize the challenges of building from the ground up, which is why we offer draw-based funding—disbursing funds in stages as construction milestones are met and verified.

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Advantages of Partnering with Sprint Lending

DRAW-BASED FINANCING

Funds are released in stages to keep your cash flow aligned with construction progress.

PROFESSIONAL OVERSIGHT

Inspections ensure funds are disbursed only when verified project milestones are achieved.

CUSTOMIZED TERMS

Financing percentages, origination fees, and rates tailored to your project’s specific needs.

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LOAN TERMS

  • Minimum Loan Amount: $100,000

  • Loan-to-After Repair Value (ARV): Up to 70%

  • Loan-to-Cost (LTC): Up to 90%

  • Construction Financing: Up to 100%

  • Interest Rate: 11–13%

  • Origination Fee: Starting at 2.0%

  • Term: 6–24 months

  • Eligible Property Types: Residential 1–4 units, condos, townhomes

  • Minimum FICO Score: 580

LOAN PROCESS OVERVIEW

APPLICATION
Submit your project details quickly through our online application.

ASSESTMENT AND APPROVAL

We review your property, project plan, and documents. An appraisal is ordered, and underwriting is completed for final approval.

CLOSING AND FUNDING

Once approved, your loan closes and funds are released through our fast and secure draw process in the client portal.

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NEW CONSTRUCTION LOANS FAQ

  • Loan terms are based on the property’s projected value, construction budget, borrower experience, and credit profile. Each loan is customized to fit the scope and risk level of your project.

  • Our initial application does not pull credit. A soft or full credit check may be required later in the approval process to finalize loan terms.

  • While prior construction or investing experience is preferred, it’s not always required. We evaluate the strength of your project plan, team, and financials. Partnering with a licensed general contractor can improve approval chances.

  • Once your loan closes, funds are made available through our draw system. The first draw is typically released within a few business days of closing.

  • Funds are disbursed in stages based on construction milestones. Each draw request is reviewed and verified by our inspector to confirm progress before funds are released.

  • Most projects allow multiple draw requests—usually between 3 to 6—depending on project size and budget.

  • Once inspection is completed and approved, draws are typically funded within 2–3 business days.

  • If an inspector identifies incomplete or unsatisfactory work, the draw may be adjusted or delayed until the issue is resolved.

  • In some cases, yes. We review deposit requests individually to ensure they align with your project budget and timeline.

  • If costs rise, you may need to cover the difference out of pocket. However, Sprint Lending can evaluate potential loan modifications on a case-by-case basis.

  • Typically, draws are disbursed to the borrower, who then pays contractors. In certain cases, Sprint Lending may disburse funds directly to contractors upon request.

  • Any unused funds remain with Sprint Lending and reduce the total loan balance—meaning you pay less in interest.

  • While not always mandatory, having a licensed general contractor is strongly recommended. It helps streamline approvals and ensures the project meets inspection standards.

KICKSTART YOUR CONSTRUCTION PROJECT TODAY

BUILD SMARTER WITH SPRINT LENDING’S NEW CONSTRUCTION LOANS


 Sprint Lending is ready to fund your new construction project with structured financing that supports every stage of development. Let’s build your success together.

Fill out an application and get pre-approved!*

*Initial application does not pull credit.
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