North Carolina Construction Lenders for Residential Real Estate
A list of private construction lenders for North Carolina home builders to finance residential ground-up construction projects - SFR, condo, townhomes. Most lenders will require the project to be fully entitled and shovel ready. A small percentage of lenders will consider land acquisition and/or land development financing.
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Nationwide Mortgage
Aggressive Pricing & Excellent Service for Bridge, Rehab, Rental, Construction Loans

Malve Capital LLC
Fast And Easy Real Estate Loans with High Leverage. Closing as fast as 5 business days, subject to clear title.
Funded Residential Construction Loans in North Carolina

Ground-Up Construction Loan for 8 Homes in Gastonia and Statesville, North Carolina
$1,635,000
I Fund Cities, an alternative lending platform, funded a $1,635,000 ground-up construction loan in 1st lien position for a portfolio of 8 homes in 2 suburbs of Charlotte, NC. We funded 100% of the $1,635,000 construction budget. The estimated completed value was $2,442,000 so our loan-to-complete value was 85%. This North Carolina developer came to i Fund Cities when their usual funding sources were tapped out of capital. Erik Eichinger, our location-based loan officer for The Carolinas, met with the developers to fully understand their needs. iFC was then able to help this developer continue to scale their business, by providing a new construction portfolio loan for eight single-family homes. The developer used the imputed land equity from the lots they owned free and clear as their portion down, and they were able to close without bringing a single dollar to the closing table! The Borrower plans to sell the property upon completion of the build. The loan term was set at 12 months. This ground-up construction loan was funded in November 2022.

I Fund Cities, an alternative lending platform built for investors, funded a $478,000 construction loan for the purchase of a portfolio of residential properties in Charlotte, North Carolina. It included two single-family residences funded at 80% LTP for the $150,00 land acquisition, and the Borrower put down 20%. The construction budget was $340,000 and iFC funded 100% of that amount. The completed value was $750,000 so the loan-to-completed value was 64%. The loan term was set at 12 months. The Borrower plans to sell to 2 homes upon completion.
This investor came to us after their previous lender put a pause on new construction lending. We started seeing this happening a lot in the 3rd quarter of 2022, across many markets. Due to our varied sources of funding, which give us reliable funds even in choppy waters, iFC is has continued to fund projects even when other lenders can’t. We love the North Carolina market and we are committed to continuing to lend to our customers. This residential ground-up construction loan was funded in September 2022.

In July 2022, i Fund Cities (iFC) funded a $675K construction loan for 5 homes in Salisbury, North Carolina, a suburb of Charlotte. The construction budget was $660,000, and the estimated completed value was $1,346,000. We funded 85% of the construction budget, and the loan term is 18 months. The client, a builder doing approximately 40 houses a year in the Salisbury area, came to us through a referral. The client was building all of his houses with cash. However, given the current market state (and a bit of unknown), he wanted to leverage some debt.
Key Loan Benefit to Borrower:
Through a portfolio loan for five houses, iFC was able to help this builder fund his new construction projects, without bringing any money to closing, and keep some of his cash in reserves. In addition, by giving this client an 18-month loan, he has ample time to finish the construction of these houses, which would not have been the case with another lender offering 12 months with the threat of an extension fee.

Land Equity Cash Out and New Construction for SFR Builds in Gastonia, NC
$136,000
I Fund Cities, a direct private lending firm, funded a ground-up construction loan for two single-family homes in the Charlotte, North Carolina metro area. We met the client at a weekly real estate meetup. He owned several empty lots in the Gastonia area but was using a private individual investor/funder and he was only able to build one house at the time. We were able to take his equity in the purchased lots that he owned free and clear and help him fund two new construction projects. He did this not only by using zero money out of his own pocket, but the client also walked away with CASH at CLOSING! The key loan benefit for this borrower was that he was able to scale! He can now build multiple projects at a time. The purchase price of the land was $15,000. The construction budget for the 2 homes was $130,000. We funded 85% of the construction costs. The value upon completion was expected to be around $225,000 which puts our loan-to-completed value at around 60%. The loan term was set at 12 months. This equity cash-out loan was funded in April 2022.
Customer Feedback:
“iFC has unleashed us as builders. Previously, we were building one or two new constructions at a time, we are now able to do 5 or more at a time!”
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