Idaho Construction Lenders for Residential Properties
Are you building a residential investment property in Idaho? On this page you'll find a list of private construction lenders for ground-up projects throughout Idaho's urban areas. The maximum loan-to-completed value (LTCV) for most lenders in Idaho is 70%. You typically need to contribute 20%-25% of the project costs and have some cash reserves. Development 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.Searching...
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Guimont Capital
Empowering borrowers with tailored financing solutions to drive growth and success.
Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
LendingOne
Rental, Fix & Flip, New Construction, Fix to Rent, SFR Portfolio Loans Nationwide
ZINC Financial
Direct Lender for Real Estate Investors. Established in 2006.
Funded Residential Ground-Up Construction Loans in Idaho
Ground-Up Construction Loan for Single Family Residence in Twin Falls, Idaho
$518,000
Park Place Finance, a direct private real estate lender, funded a ground-up construction loan of $518,000 in Twin Falls, Idaho. We funded 84% loan-to-cost and 92% of the $475,000 construction budget. The after-repair value is estimated at $800,000, so our loan-to-after-repair value was 64.75%. We paid off a previous loan balance of $124,036. The Borrower is an experienced home builder in the Idaho market, and was seeking additional funds to expand their inventory. Although Twin Falls is not in a major metropolitan area, the builder had a strong track record of successfully completed projects in the area. The property will be sold upon completion. The interest rate was 11.99%. The loan terms were our standard 12-month term loan with interest-only payments and no prepayment penalty. This SFR ground-up construction loan was funded in February 2024.
Ground-Up Construction Loan for Single-Family Home in Eagle, Idaho
$704,300
The Opportunity
On this build in the Boise suburbs, the investor had purchased the lot for $185,000 and planned for a construction budget of $597,500. The new construction loan from Lima One would cover 90% of the blended loan-to-cost for both the land and the property. The builder had a contract on the three-bedroom, three-bathroom home for $970,000 before construction was complete, ensuring a $200,000-plus profit on the build. This build was one of three in Eagle, Idaho, that this experienced builder financed with Lima One Capital in early 2022 in the heart of a market with the strongest home price appreciation at the time.
The Solution
Lima One’s interest-only, fixed-rate 13-month loan and efficient construction draw process helped the builder execute quickly to complete the build and claim the profit. Plus, the builder did not have to pay interest on undrawn construction funds, making the loan terms even more beneficial. The builder’s first three loans with Lima One came with a simple, clear process because the builder knew he was preapproved for $2 million in exposure. That allowed the builder to profit from three new builds in a hot market, and then recertify for future builds financed by Lima One.
The subject property was newly built. This SFR ground-up construction loan was funded in July 2022.
