Construction Loans - Build Your Vision from the Ground Up
Finance new construction projects with draw-based funding as your project progresses. Whether building residential, commercial, or ground-up development, we provide the capital you need.
Construction Draw Calculator
How This Works
Construction loans are disbursed in draws as work progresses. This calculator helps you plan your draw schedule, budget allocation, and understand the interest cost during construction.
Tips to Improve
- •Always include 10-15% contingency for unexpected costs
- •Front-load draws for foundational work
- •Schedule inspections before requesting draws
- •Keep detailed receipts and progress photos
Common Mistakes
- •Not budgeting for contingencies
- •Underestimating time between draws
- •Forgetting about interest during construction
- •Poor documentation leading to draw rejection
Why Choose Construction Loans?
Comprehensive Project Funding
Finance land acquisition, permits, materials, labor, and soft costs. One loan covers your entire construction project in [CITY].
Draw-Based Disbursement
Funds released as construction milestones are completed. Inspections verify work before each draw, protecting both you and the lender in [COUNTY].
Interest-Only Payments
Pay only interest during construction phase. Keep costs low while building, then convert or refinance upon completion in [STATE].
Experienced Lender
We understand construction timelines, budgets, and challenges. Work with lenders who know development in [CITY] and [COUNTY].
Conversion Options
Many construction loans can convert to permanent financing upon completion. One closing saves time and money for [CITY] projects.
Contingency Reserves
Build contingency funds into your budget for unexpected costs. Experienced builders know every project has surprises in [COUNTY].
Program Details
Loan Amounts
$200,000 - $10,000,000
Interest Rates
8-13% (interest-only during construction)
Terms
12-24 months
Closing Time
30-45 days
Prepayment Penalty
Prepayment terms vary by lender. Many construction loans have no penalty since early completion is positive. Confirm terms before closing.
Property Types
- ✓Single Family New Construction
- ✓Multi-Family Development
- ✓Commercial Buildings
- ✓Mixed-Use Projects
Credit Score
680+ with construction experience
Down Payment
15-25% of total project cost
LTV
Up to 85% Loan-to-Cost (LTC)
How It Works
Project Review
Submit construction plans, budgets, and timeline for evaluation
Approval & Terms
Receive loan approval with draw schedule and requirements
Initial Funding
Close loan and receive first draw for land and initial costs
Progressive Draws
Request draws as milestones complete with inspection verification
Project Completion
Final draw upon certificate of occupancy, convert or refinance
Frequently Asked Questions
Construction Loans in Ohio Cities (Plus Nationwide Lending)
Click on any city to view location-specific information, rates, and requirements
Hamilton County
Warren County
Montgomery County
Greene County
Clinton County
Marion County
Jefferson County
Fayette County
Kenton County
Campbell County
Serving Ohio, Northern Kentucky & Indianapolis
Headquartered in Cincinnati, we provide construction loans throughout Ohio, Northern Kentucky, and Indianapolis. Local expertise, regional reach, personal service.
Related Financing Options
Explore other loan programs that might fit your needs
Hard Money Loans
Hard money loans in Cincinnati and Southwest Ohio. Asset-based approval, flexible terms, fast closings. JT Capital Advis...
Bridge Loans
Bridge loans in Ohio for real estate investors — short-term financing between transactions. Fast approvals, flexible ter...
Fix and Flip Loans
Fix and flip loans in Ohio — purchase plus renovation funding for house flippers. Cincinnati-based JT Capital Advisors h...
Need Financing?
Fast approval • Flexible terms