Construction Loans

You found the lot. You have the plans. The bank wants two years of committee meetings before anyone pours a footing.

We fund ground-up construction the way builders actually work. A person who knows Arizona dirt, permits, and resale reads your budget and your plans. When the fundamentals are sound, we structure the loan around your build schedule. Not the other way around.

Money before the work, not after

Most construction lenders reimburse. You pay your crews, submit receipts, and wait. Fund Forward advances each draw before the phase starts. Your concrete sub gets paid when the pour is scheduled, not a month after it cured.

The draw structure is tailored to the deal. Some builds run as a series of advance draws. Others stage capital in tranches, where a future tranche costs you nothing until you call for it.

Here is what that looked like on a recent deal. An owner-builder in the New River area came to us with land owned free and clear and a ground-up plan. We funded $485,000 at 59.5 percent of the finished value, structured in two tranches. His draws advanced ahead of each phase, a local inspector confirmed progress, and the second tranche sat at zero interest until the build reached it. He never floated a phase out of his own pocket, and he never paid for capital he had not called for.

What we look at

• The budget, line by line, against what things actually cost in this market.
• The team. Your builder’s track record matters as much as the pro forma, whether that is an ROC-licensed contractor or you as an owner-builder.
• The exit. Sale or refinance, the numbers have to work at the finish, not just the start.

Leverage above is a program range. Every deal is priced on its own fundamentals. This is not a commitment to lend.