“Excellent communication and expediency”
Amazing experience with Bryce! Excellent communication and expediency throughout the entire transaction. They were able to close our emergency deal in less than 48 business hours!
Ahmad A.
Real estate loan
Construction loans from vision to vertical.
Fast, flexible new construction financing tailored to builders. Ready to break ground? We help you move from vision to vertical without the delays.
- Up to 90% LTC
- 100% Construction Costs Covered
- Close in 10 Days or Less
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The short answer
What is a new construction loan?
A new construction loan is short-term, interest-only financing that pays to build a property from the ground up. Axelrad's program runs from $75K to $5M+, up to 90% of cost and 75% of value, for 12, 18 or 24 months, with rates from 9.99% and no prepayment penalty. You need a 680 or higher FICO score.
Construction loan terms at a glance
- Loan amount
- $75K to $5M+. No maximum on custom programs.
- Leverage
- Up to 90% of cost (LTC) and up to 75% of value (LTV), by experience tier, with 100% of construction costs covered.
- Terms
- 12, 18 or 24 months. Interest only, paid monthly.
- Rates and points
- Rates from 9.99%. Points of 2 to 4.
- Credit
- A 680 or higher FICO score. Credit challenges? Call us; we have flexible solutions.
- Minimum value
- $150,000 as completed.
- Projects
- Infill construction in urban and suburban areas, with entitlements, permits and approved plans in place.
- Loan types
- Purchase plus construction, refinance plus construction, or construction only.
- Prepayment penalty
- None.
- Draws
- Approvals and draw requests within 3 to 5 days.
- Closing
- As soon as 10 days.
- Build to rent
- Built for developers of single-family rental communities.
Tier-based leverage matrix
Leverage steps up with your experience. This applies to all projects with entitlements, permits and approved plans.
| Experience | Max loan to cost | Max ARV | Max loan to value |
|---|---|---|---|
| 10+ ground-up projects | 90% | 75% | Up to 80% (purchase) / 75% (refi) |
| 10+ projects with heavy rehab | 85% | 70% | Up to 75% (purchase) / 73% (refi) |
| 3+ heavy rehabs | 85% | 65% | Up to 72% (purchase) / 68% (refi) |
| 1+ rehab project | 82.5% | 65% | Up to 70% (purchase) / 65% (refi) |
- Minimum FICO score 680. Minimum property value $150,000 as completed.
Property types we finance
From single-family builds to condo developments
Our construction programs work across a wide range of asset classes.
Single-family homes
Non-owner-occupied.
Condominiums
Including non-warrantable.
Townhomes
Ground-up townhome projects.
Planned unit developments
PUDs.
Commercial projects
Send us the project and we will size it.
How it works
Three steps from application to funds
Apply online
Submit a quick application with your project details.
Approval
We review your application and come back with terms.
Funding
Cash in hand, ready to work for you. Draw requests are handled within 3 to 5 days.
What sets our construction loans apart
- Draw requests handled within 3 to 5 days
- Flexibility to meet your needs on each draw
- Transparent terms, with no hidden fees
- No prepayment penalty: exit on your schedule
- Closings as soon as 10 days
- Permission asked before any credit pull
Our Success Stories
5.0★★★★★29 reviews on Google · Read them
“Total transparency”
Truly quality people. Polite, professional, and always kept the line of communication open. Total transparency which is KEY in lending. I highly recommend. We used them for a BRIDGE loan and will use them again for our next investment property.
Nic B.
“Someone in your corner”
If you want certainty and someone in your corner who will go the extra mile to get your deal done, there’s no one better to work with than Axelrad.
Travis M.
“The easiest to work with”
My experience with Axelrad Cap and Bryce has been top notch. We’ve closed on three transactional deals together and without question, he’s the easiest to work with and operates with the most integrity.
Dan S.
“Dealmakers not dealbreakers”
I’ve used Bryce and his team for several transactions and they always provide the highest level of customer service, they know what they’re doing, and they are dealmakers not dealbreakers.
Green Root Development
“Went way above and beyond”
I was in a bind on a property; needed funds to prevent losing the contract. … Bryce explained what needed to be done in the future to ensure fewer hiccups, then went WAY above and beyond to rush everything that same day to make sure we got the deal closed.
Americo P.
“You couldn't dream of a better lending partner”
You couldn't dream of a better lending partner to work with than the team at Axelrad Capital! In an industry that often feels so cold & transactional, Bryce and his team make you feel like VIP's!
Aaron W.
“Professional, transparent, and always went above and beyond”
Their commitment to high integrity and exceptional service is truly impressive. From start to finish, they were professional, transparent, and always went above and beyond to meet my needs.
Seth A.
“Sharp, responsive”
Bryce is sharp, responsive, and understands how to structure deals efficiently and quickly.
LeadMasters Property LLC
“Creative with difficult deals”
They have a strong desire and willingness to be creative with difficult deals.
Robert
“Always ready to pick up the phone”
They have a ton of resources and a team member is always ready to pick up the phone and help move the project forward.
Brian A.
Common Questions
What people actually ask before they apply.
What is a new construction loan?
A new construction loan is short-term, interest-only financing that pays to build a property from the ground up. Axelrad's program covers 100% of construction costs within its leverage limits, up to 90% of cost.
How much can I borrow?
From $75K to $5M+, with no maximum on custom programs.
How much of the project will you finance?
Up to 90% loan to cost and up to 75% loan to value. Where you land depends on your experience: 10+ ground-up projects gets the top tier, and the tier-based leverage matrix above shows each step down.
What are the rates and points?
Rates start at 9.99% and points run 2 to 4.
What credit score do I need?
A 680 or higher FICO score. If your credit has challenges, call us, because we have flexible solutions.
How long is the term, and is there a prepayment penalty?
Terms are 12, 18 or 24 months, with interest-only payments each month. There is no prepayment penalty.
What kinds of projects do you finance?
Infill construction in urban and suburban areas, with entitlements, permits and approved plans in place. Property types include non-owner-occupied single-family homes, condominiums (including non-warrantable), townhomes, planned unit developments and commercial projects, and the program is built for single-family build-to-rent communities too.
Can I use it to buy the land and build?
It can. Eligible loan types are purchase plus construction, refinance plus construction, and construction only. The minimum property value is $150,000 as completed.
How fast can I close, and how fast are draws?
Closings can happen in as soon as 10 days. Approvals and draw requests are handled within 3 to 5 days.
Will you pull my credit automatically?
Not without your permission. We always ask before pulling credit.
Apply today, build tomorrow.
Send us the project. A loan specialist reviews it and comes back with terms.
Part of this division
The division this program sits inside, and everything else it funds.
- Hard Money LoansHard money is asset-based lending: the property and the exit carry the decision, not two years of tax returns. That is what lets it move at the speed a competitive purchase actually requires, and why investors use it where a bank timeline would lose the deal.
- Private Equity LoansSome deals do not work as debt alone. The equity is short, a partner needs buying out, or the structure calls for someone to take a position rather than write a note. This is the side of the firm that can do that, and it is why we describe ourselves as a capital partner rather than only a lender.
Related products
Deals rarely fit one box. These are the programs investors most often compare this one against.
- Fix & Flip LoansFix & Flip loans up to 95% LTC with 100% of renovation costs covered. Close in days, draws in as fast as 48 hours, rates from 8.9%.
- Land LoansFirst-lien land loans of $4 million to $20 million for holding land while approvals advance. Up to 65% of as-is value, rates closer to 11–13%.
- Commercial LendingFlexible commercial real estate financing for acquisitions, refinances, and value-add projects in all 50 states.
- Bridge LoansShort-term bridge financing up to 95% LTC with 100% rehab financing, 6–24 month terms and no prepayment penalty. Close in 10–14 days.