Charlotte real estate developers: ground-up construction financing for spec homes and investor projects. Up to 85% of total costs. Draw schedules aligned to milestones.
Check My Charlotte Rate →Charlotte is the second-largest banking center in the US behind NYC. Bank of America, Truist, and Wells Fargo East Coast operations center there. Continued population growth from the Northeast and Midwest keeps rental demand strong. South Charlotte and Lake Norman deliver strong long-term rental returns; Uptown and South End drive STR demand.
Active investor market with strong rental demand and construction activity.
Active investor market with strong rental demand and construction activity.
Active investor market with strong rental demand and construction activity.
Active investor market with strong rental demand and construction activity.
Active investor market with strong rental demand and construction activity.
We also fund investments throughout the greater Charlotte metro including Huntersville, Matthews, Mint Hill, Concord, and Gastonia.
Charlotte permitting varies by submarket — 30-60 days in some areas, 4-6 months in others. Include in budget.
Charlotte construction lenders favor experienced builders. First-time builders qualify with GC partnership.
Typical Charlotte draws: 10-15% at closing, 5-7 draws during construction, 10% at CO. Inspections required.
Construction loans must be refinanced at completion. Plan take-out: 30-year DSCR for rentals, traditional for sales. Charlotte's strong market makes take-outs reliable.
Up to 85% LTC. First-time builders may be capped at 75-80%. Experienced builders access 85%+ reliably.
First-time builders can qualify with a GC partnership, strong subs, and adequate reserves.
10-15% at closing (lot + permits), 5-7 milestone draws during construction, 10% at CO. Each requires inspection.
Construction loans in Charlotte run 12-24 months. Most spec builds complete in 9-14 months.
Most lenders require permits in-hand or at final approval before funding vertical construction.
Yes. Build-to-rent is strong in Charlotte. Close with construction loan, build, take out with 30-year DSCR at CO.
Most programs require 680+ FICO. Strongest pricing at 720+.
Construction loans in Charlotte range from $250K to $5M+. Most SFR spec builds fall in $300K-$800K.
No credit pull. No commitment. Speak with a licensed financing firm that knows the Texas investor market.
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