🏗️ New Construction Loans · Ground Up

Build From the Ground Up
With Financing
That Moves Fast.

Nork Capital Lending provides ground-up construction financing for builders and investors. Land purchase, vertical build, and interest-only payments during construction — no personal income docs required.

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New Construction
From Empty Lot to Finished Property
New Construction Loan Highlights
100%
Construction Funded
Draw
Milestone Releases
IO
Interest Only During Build
18mo
Max Term
$0
Income Docs
Why New Construction

One Loan. The Entire Build Lifecycle.

From land purchase to certificate of occupancy — Nork Capital covers the full project.

🏠
Land + Build in One Loan

Purchase the lot and fund construction costs in a single loan facility. No need to arrange separate land financing then scramble for a construction loan — one relationship, one closing, one process.

📅
Milestone-Based Draws

Capital is released in stages as your project hits key construction milestones — foundation, framing, drywall, mechanical, and finish. You pay interest only on funds already drawn, not the full commitment.

🎯
Flexible Exit Options

Upon completion you choose your exit — refinance the finished property into a long-term DSCR hold loan, or sell at completion and capture your builder's profit. Your project, your strategy.

Who This Is For

Program Details & Who Qualifies

Built for Builders & Investors

Our new construction program is designed for experienced builders ready to scale without tying up all their capital, fix-and-flip investors graduating to ground-up construction for higher margins, and real estate investors building rental inventory in high-demand Florida markets.

Entity borrowers — LLC, LP, corporation — are welcome. We do not require personal income documentation. Qualification is based on project economics, your experience as a builder or investor, and the strength of the construction plan.

Apply Now — It's Free
Loan PurposeLand Purchase + Ground-Up Construction
Draw StructureMilestone-Based Releases
Payments During BuildInterest-Only on Drawn Funds
Loan Terms12 – 18 Months (Extensions Available)
Income VerificationNot Required
Property TypesSFR, Duplex, Small Multifamily, Spec
Exit OptionsSell at Completion or DSCR Refinance
Entity ClosingLLC, LP, Corporation, Trust
Process

From Empty Lot to Finished Property

A clear three-phase process from land acquisition to certificate of occupancy.

1
Land & Plan Review

Share your project details — lot address, construction plans, budget, and timeline. We review the project economics and match you to the right construction program.

2
Close & Break Ground

Loan closes with the land acquisition funded and construction commitment established. Initial draw covers early phase costs — permits, site prep, foundation.

3
Build, Draw, & Exit

Funds are released as each milestone is completed and inspected. Upon certificate of occupancy, choose your exit — sell or refinance into a permanent DSCR loan.

Common Questions

Construction Loan FAQs

Do I need construction experience to qualify?
Experience is helpful and may improve your loan terms, but first-time builders can qualify with the right project plan, contractor credentials, and strong project economics. We review each deal individually.
How do construction draws work?
After each milestone is completed — foundation, framing, rough mechanicals, drywall, finish — an inspector verifies the work and a draw is released. You pay interest only on the amount drawn at any given time.
What is the typical loan-to-cost?
Most programs fund up to 80–85% of total project costs including land and construction. The specific LTC depends on the project type, your experience, and the strength of the construction budget.
What happens when construction is complete?
You have two options: sell the completed property and use the proceeds to pay off the construction loan, or refinance into a long-term DSCR rental hold loan. We can help arrange either exit.

Ready to Break Ground?

Share your project plans and we'll find the right construction financing. We work with lenders who specialize in ground-up builds for real estate investors in Florida.

Discuss My Build Project