New construction loans are short-term loans that fund the ground-up construction of real estate projects. These loans cover costs such as land purchase, materials, labor, permits, and utilities during the building phase. Once the project is complete, borrowers can refinance into long-term financing or sell the property for a profit.
Unlike standard mortgages, construction loans are often released in stages (known as draws) based on the progress of the build. This keeps your project funded while giving lenders control over risk.
At JGL Capital, we specialize in new construction hard money loans — an ideal option for those who need fast approvals and fewer restrictions compared to banks.
If you have a project ready to launch, our team is here to help you move quickly.