Santa Barbara Construction Lenders for Residential Investment Property

Are you building a residential investment property in the Santa Barbara metro area? On this page you'll find a list of private construction lenders for ground-up projects throughout Santa Barbara's urban areas. The maximum loan-to-completed value (LTCV) for most lenders is 70%. You typically need to contribute 20%-25% of the project costs and have some cash reserves. Experience is almost always required. Most lenders will require the project to be fully entitled and shovel ready. A small percentage of lenders will consider land acquisition and/or horizontal financing. The lenders listed here can fund a single home build, or a development with multiple homes. We have a separate page for lenders that offer ground-up construction financing for commercial properties.