Construction Loan
Financing for builders and investors putting up new construction or completing a project already underway. We underwrite the asset and the plan, fund in draws as the work progresses, and make the decision ourselves.
- Loan amounts: [100,000 to $2,000,000
- Term: 12 to 18]months, interest-only until completion
- Underwriting: Asset-based
- Funding: Released in draws as construction milestones are met
- Collateral: Non-owner-occupied real estate in Massachusetts and New England
Send us the deal and you’ll have a term sheet or a straight answer the same day. Business-purpose loans on non-owner-occupied property only; Starboard Financial does not make consumer or owner-occupied loans.
When A Construction Loan Fits
You’re building new and need financing a bank won’t provide on your timeline.
A project stalled and needs capital to finish.
You need draws matched to the build schedule, not a rigid bank process.
You plan to sell or refinance into permanent financing once complete.
What We Need For A Term Sheet
Property address and land or acquisition cost
Plans, permits status, and construction budget
Builder or general contractor and their track record
Completed value estimate
Your exit plan: sale or refinance