📞 (877) 298-1001 · Mon-Sat 7am-9pm CT · Lending in North Carolina · NMLS #1734316
— CONSTRUCTION LOANS · RALEIGH, NC

Construction in Raleigh
Up to 85% LTC. 24-Month Terms.

Raleigh 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 Raleigh Rate →
9.50%
From Rate
85%
Max LTC
$5M
Max Loan
24 Months
Term

Construction Loans in Raleigh, NC — Key Facts for Builders

Why Raleigh Is a Strong Market for Construction Investors

The Research Triangle (Raleigh, Durham, Chapel Hill) is home to Duke, UNC, NC State plus the Research Triangle Park (largest research park in the US). Apple's $1B campus and major life sciences companies (Biogen, Lenovo, Cisco) provide constant high-income rental demand. Higher entry prices than Charlotte but stronger appreciation.

Median Price
$445,000
Citywide
Rental Yield
5.8%
Average gross
Appreciation
5.6%
YoY
Metro Pop
1.5M
Greater Raleigh

Active Raleigh Investor Neighborhoods

RALEIGH

Five Points

Active investor market with strong rental demand and construction activity.

RALEIGH

North Hills

Active investor market with strong rental demand and construction activity.

RALEIGH

Cameron Village

Active investor market with strong rental demand and construction activity.

RALEIGH

Downtown

Active investor market with strong rental demand and construction activity.

RALEIGH

Brier Creek

Active investor market with strong rental demand and construction activity.

We also fund investments throughout the greater Raleigh metro including Cary, Apex, Morrisville, Wake Forest, and Durham.

Recent Raleigh Closings

SFR Spec Build · Five Points
$534K Construction Loan
Closed
85% LTC · 18-month term · 5 draws · experienced builder · closed in 21 days
Duplex New Build · North Hills
$712K Construction Loan
Closed
80% LTC · 24-month term · 6 draws · took out with DSCR refi at CO
Infill Development · Cameron Village
$979K Construction Loan
Closed
82% LTC · 24-month term · 7 draws · 3-lot subdivision · closed in 30 days

Key Considerations for Raleigh Investors

Permit and approval timelines

Raleigh permitting varies by submarket — 30-60 days in some areas, 4-6 months in others. Include in budget.

Builder qualifications

Raleigh construction lenders favor experienced builders. First-time builders qualify with GC partnership.

Draw schedule structure

Typical Raleigh draws: 10-15% at closing, 5-7 draws during construction, 10% at CO. Inspections required.

Take-out financing

Construction loans must be refinanced at completion. Plan take-out: 30-year DSCR for rentals, traditional for sales. Raleigh's strong market makes take-outs reliable.

Frequently Asked Questions — Raleigh Construction

What's the maximum LTC on a Raleigh construction loan?

Up to 85% LTC. First-time builders may be capped at 75-80%. Experienced builders access 85%+ reliably.

Do I need to be an experienced builder for a Raleigh construction loan?

First-time builders can qualify with a GC partnership, strong subs, and adequate reserves.

How does the Raleigh draw schedule work?

10-15% at closing (lot + permits), 5-7 milestone draws during construction, 10% at CO. Each requires inspection.

What's the typical construction loan term in Raleigh?

Construction loans in Raleigh run 12-24 months. Most spec builds complete in 9-14 months.

What permits do I need in Raleigh before closing?

Most lenders require permits in-hand or at final approval before funding vertical construction.

Can I use a construction loan for a Raleigh rental property build?

Yes. Build-to-rent is strong in Raleigh. Close with construction loan, build, take out with 30-year DSCR at CO.

What credit score is needed for a Raleigh construction loan?

Most programs require 680+ FICO. Strongest pricing at 720+.

What loan amounts are available for Raleigh construction?

Construction loans in Raleigh range from $250K to $5M+. Most SFR spec builds fall in $300K-$800K.

Related Raleigh Loan Programs

DSCR Loans in Raleigh → Fix & Flip in Raleigh → Bridge in Raleigh → Construction in North Carolina →

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