Construction Financing

Everything you need to know about builder's risk insurance for new construction and renovation projects, including coverage, costs, and requirements.

Understand how appraisals work for new construction projects, including lot value, cost approach, and completed value estimates.

A phase-by-phase construction schedule template for residential new builds, with typical timelines and milestone tracking.

Learn how to manage change orders on new construction projects, control costs, and maintain lender compliance.

Learn how to set the right contingency budget for your construction project and what expenses it should cover.

Learn the most common causes of construction cost overruns and proven strategies to keep your building project on budget.

Learn how lenders use cost-to-complete analysis to monitor construction loan progress and ensure projects stay on budget.

Avoid the most common reasons construction loan applications are denied, from insufficient experience to unrealistic budgets and site issues.

A complete guide to the construction loan draw process, from requesting funds to inspection and disbursement.

Understand the construction permit process, typical timelines, and how to avoid delays that can stall your building project.

Learn how takeout financing works for construction projects, including timing, qualification requirements, and the transition from construction to permanent loans.

A detailed breakdown of ground-up construction costs including site work, foundation, framing, systems, and finishes for residential new builds.

Learn how interest reserves work in construction lending, how they are calculated, and why they are essential for project budgeting.

Compare the pros and cons of acting as your own general contractor versus hiring a GC for your construction project.

Compare the risks and rewards of building homes with pre-sold contracts versus building on speculation, and how each approach affects financing.

Learn how a schedule of values works in construction lending, how draws are structured, and how to create one that satisfies lender requirements.

A detailed breakdown of site work costs for new construction, including clearing, grading, utilities, and common cost surprises.

Learn how spec home construction loans work, including qualification requirements, draw schedules, and how lenders evaluate speculative new builds.

Learn how to price a spec home for maximum profit using comparable sales analysis, market positioning, and strategic timing.

Learn how to manage subcontractor payments on construction projects to prevent liens, ensure quality work, and maintain budget control.