New Construction Loan Program

Working on a project from the ground up? Whether it is brand-new construction or a teardown and rebuild, Navigator Private Capital can help. We should note that we can fund spec homes but not model homes, and will consider both stick-built and modular construction. However, we cannot finance mobile homes.

We can fund single-family property (1-4 unit), multi-family property (5-8 unit), and small to mid-sized subdivisions.

We will carefully analyze your project's parameters and timeline and use that information to craft a customized loan package.

Click below to get a no-obligation quote on your next project.

Get A Quote

Or, if you already have the property under contract, create a member account below to submit a full application.

Member Signup

NEW CONSTRUCTION LOAN MATRIX
Where We Lend	AL, AR, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, MA, MD, MI, MO, MS, NE, NH, NJ, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WV, WI, WY
Loan Purpose	Residential SFU (1-4 Unit) and MFU (5-8 Unit), Small Subdivisions
Loan Amount	$100K +
Loan Process	Paperless, automated and online
PrePayment Penalty	None
Terms	Up To 24 Months
Loan To Cost Max	Up to 85% of actual new build cost
Determination of Value	Appraisal ordered by NavCap using approved Appraisal Management Company (AMC)
Borrower	Loans are made to business entities (e.g., LLC, Corps, etc.) only -- not individuals
Credit Score	Generally 680 or higher
Experience	1+ exit within the last 2 years within same area as new project
Credit Grid	No foreclosures in last four years, no open tax liens, and no bankruptcies discharged in the last two years.
Occupancy	Non-owner occupied
Income	Not required
Environmental	Feasibility and Environmental Impact studies required
Structural	Architectural plans and building permits in hand. No raw land.
Navigator Private Capital, LLC 1910 Towne Centre Blvd Suite 250 Annapolis, MD 21401. Navigator Private Capital only makes loans for business purposes and is not a residential mortgage lender. Navigator Private Capital is exempt from licensing requirements in our geographical footprint. This is not an offer to lend or to enter into an agreement. For more information, email us at info@gonavcap.com.