New Construction Hard Money Loans
Our expedited draw process is flexible to meet each builder's needs.
Interest only payments for the entire life of the loan.
We offer 100% construction financing keeping more money in your pocket.
Texas Construction LoansCedar Top offers flexible and competitive construction funding to finance your project from beginning to end. Like our rehab loans, our construction loans are based on the final market value of the project and is tailored to your budget and timeline. Funds are released in construction draws throughout the project, and we work with you to develop a marketable end product.
Our Loan Process
New Construction Lending for Texas Real Estate Investors
Our new construction loan package is tailor-made for new home builders looking for non-bank financing to build a new spec construction home or homes. Our easy draw process and competitive terms are second to none. We process, close, and service, our loans in-house so you’ll work with the same dedicated team from start to finish. Traditional banks may take more than thirty days to fund a new construction loan, while Cedar Top can fund in as fast as three days once all title and permitting processes are complete.
What is a Spec Construction Loan?
Spec is short for speculative, which refers to the basis on which we lend. We lend money based on what we speculate the property to be worth after construction is finished. Spec construction loans are for builders and developers, and not for borrowers who are looking to move into the home as their primary residence. We do not offer homestead or owner-occupied loans.