Ground up, your way.
BldFi's flagship program. Structured for spec builders and custom home builders who need high LTC, a flexible draw schedule tied to construction milestones, and a lender who understands the pace of a build.
Loan Terms
- Loan amount
- $250K – $5M
- LTC up to
- 90%
- LTV up to
- 70% of ARV
- Rate from
- 10.5% / year
- Loan term
- 12 – 24 months
- Payment type
- Interest only
- Origination fee
- 1 – 2 points
- Prepayment
- None with many lenders
- Time to close
- 10 – 14 days typical
No hard credit pull at inquiry stage. Response within 1 business day.
How the draw process works.
Funds release in milestone-based draws as construction progresses and inspections are completed. You only pay interest on funds drawn — not the full commitment.
Draw percentages are typical defaults. BldFi works with borrowers to customize schedules to match actual project phases.
Full line-item breakdown
Every construction category rolls up into one of the five draws above — grouped and shaded here to show which draw each line item is allocated to.
| # | Line item | % of budget |
|---|---|---|
| Draw 01 — Foundation & Site Work · 15% | ||
| 1 | Site work & grading | 3% |
| 2 | Footings | 3% |
| 3 | Foundation / slab | 9% |
| Draw 02 — Framing & Rough-In · 25% | ||
| 4 | Framing — walls | 6% |
| 5 | Framing — roof | 4% |
| 6 | Roof decking & sheathing | 3% |
| 7 | Roofing (materials & install) | 3% |
| 8 | Windows | 2% |
| 9 | Exterior doors | 1% |
| 10 | House wrap & exterior sheathing | 2% |
| 11 | HVAC rough-in | 2% |
| 12 | Plumbing rough-in | 1% |
| 13 | Electrical rough-in | 1% |
| Draw 03 — Drywall & Mechanicals · 25% | ||
| 14 | Low-voltage / structured wiring | 1% |
| 15 | Insulation | 3% |
| 16 | Drywall hang | 5% |
| 17 | Drywall tape & finish | 3% |
| 18 | Exterior siding / brick / stucco | 8% |
| 19 | Fascia, soffit & gutters | 2% |
| 20 | Stair installation | 1% |
| 21 | Exterior paint | 2% |
| Draw 04 — Interior Finishes · 25% | ||
| 22 | Interior doors & trim | 3% |
| 23 | Cabinets | 4% |
| 24 | Countertops | 2% |
| 25 | Interior paint | 3% |
| 26 | Tile & flooring | 3% |
| 27 | Hardwood / carpet flooring | 2% |
| 28 | Plumbing trim & fixtures | 2% |
| 29 | Electrical trim & fixtures | 2% |
| 30 | HVAC trim & startup | 2% |
| 31 | Appliances | 2% |
| Draw 05 — Final & CO · 10% | ||
| 32 | Mirrors, shelving & hardware | 2% |
| 33 | Exterior concrete (driveway/walks) | 3% |
| 34 | Landscaping & grading | 3% |
| 35 | Final clean & punch list | 2% |
Built for new construction projects.
High LTC means less cash out of pocket
Up to 90% of total project cost — so you preserve capital for your next deal while the lender carries the heavy load.
Draws typically released in 3–5 business days
Submit your draw request, the lender completes the inspection, funds are released. No waiting weeks for bank committees to convene.
Customizable draw schedules
Standard five-phase draws or a schedule built around your actual project milestones. Your build, your timeline.
Repeat borrower pipeline
Close your first deal through BldFi and your next one gets priority service and reduced documentation — and many of our lender partners offer preferred rates to repeat borrowers.
What you'll need to qualify.
Lenders look at the deal and the borrower together. Strong projects with solid equity and an experienced team get to yes faster. Exact requirements vary by lender.
Run your numbers before you apply.
New Construction loan questions.
Ready to fund your new construction project?
Submit your project details today and hear back from our team within 48 hours.
Start Your Application