Finance new construction from the ground up. Up to 90% LTC, virtual draws available, loan amounts up to $10M. Built for real estate developers who build to sell or hold.
Construction loans fund in stages called "draws" as your project progresses. Each draw is released when specific construction milestones are completed and verified.
AGS Lending Partners offers access to lenders with virtual draw processes — meaning you can request draws remotely without requiring an in-person inspector at every stage, keeping your project moving faster.
Typical draw schedule milestones include: foundation, framing, rough mechanical (plumbing/electrical), drywall, finish work, and final completion.
Share your land details, construction budget, plans, and comparable sales (comps) in the area. We review your project and determine the right loan structure.
An appraisal is ordered to determine the as-completed value (ARV). We match your project with the best lender from our network and issue a term sheet.
Close on the land (or your existing lot) and receive the first draw to begin construction. Subsequent draws are released as milestones are completed.
Finish construction and either sell the property for profit or refinance into a long-term DSCR rental loan to hold as an investment.
Yes. Construction loans can include both the land acquisition and the construction costs in a single loan, depending on your equity position and the overall LTC ratio.
A virtual draw allows you to request construction draws remotely — typically by submitting photos and documentation of completed milestones — without waiting for an in-person inspector visit at every stage. This keeps your project on schedule.
Experience as a developer or builder is preferred. However, if you're working with a licensed general contractor with a strong track record, that can offset limited personal construction experience.
A spec home loan is a type of construction loan for homes built without a pre-committed buyer — you're speculating that you'll sell at a profit. All of our construction loans can be used for spec homes.
Yes. After construction is complete and the property is rented, you can refinance the construction loan into a 30-year DSCR rental loan to hold the property long-term without income verification.
Apply now or call us to discuss your construction project. We respond within 24 hours.