New Construction Construction Loans in Corona del Mar, California
Ground-up construction financing in Corona del Mar. Fund new builds with milestone-based draws and in-house construction oversight.
$3.6M
Median Home Value
+0.1%
YoY Price Change
Up to 70% of completed value
Max LTV
14-21 days
Closing Time
New Construction Loan Features
Construction Loan Terms
Max LTV
Up to 70% of completed value
Rate Range
10.99% - 13.49%
Term
12-24 months
Min Loan
$1M
Max Loan
$20M
Closing Time
14-21 days
New Construction Construction in Corona del Mar: FAQ
What types of new construction projects do you finance in Corona del Mar?
We finance ground-up single-family homes, spec homes, custom builds, small multifamily projects, and major rehab/rebuild projects in Corona del Mar. All loans are business purpose and non-owner-occupied.
How do construction draws work for projects in Corona del Mar?
Funds are disbursed based on completed milestones. As your contractor completes each phase (foundation, framing, rough-ins, etc.), we inspect the work and release the next draw. This protects both you and us throughout the build.
What is the timeline for a new construction loan in Corona del Mar?
We can close the initial land/acquisition portion in 14-21 days. Loan terms run 12-24 months, which covers most single-family and small multifamily builds in Corona del Mar. Extensions are available if needed.
Do you require permits before closing on a construction loan in Corona del Mar?
We prefer that permits are in hand or imminent before closing. For entitled land where permits are expected, we can close on the acquisition and begin the draw schedule once permits are issued.
Construction in Corona del Mar
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