Ground-up and heavy rehab financing for developers moving from permit to stabilization. Draw schedules structured around your project timeline.
Construction and rehab financing is designed for developers and investors taking a property from raw land or distressed condition to a stabilized, income-producing asset. It covers both ground-up new construction and heavy renovation projects.
Unlike standard purchase loans, construction financing is disbursed in stages through a draw schedule — funds are released as milestones are completed and inspections verified. This protects both the lender and the borrower, ensuring capital is tied directly to construction progress.
The key to a successful construction loan is a well-underwritten scope of work and realistic timeline. Lenders want to see your budget, your contractor, your permits, and your exit — whether that's selling on completion or refinancing into a permanent product.
With Civic Financial Services, construction loans are available for single-family, multi-family, and mixed-use projects. We work with first-time developers and seasoned builders alike — what matters most is a credible plan and a clear exit.
Loan closes based on projected after-repair or after-construction value. Initial draw released for land acquisition or early-stage costs.
As work progresses, you submit draw requests with documentation. Funds are disbursed upon inspection and approval — typically within days.
Each draw triggers a third-party inspection to verify work completed matches the scope and budget submitted at closing.
Final draw released upon project completion. Exit via sale, refinance into permanent financing, or bridge product.
Financing the full build from land acquisition through vertical construction to completion and certificate of occupancy.
Gut rehabs where structural, mechanical, or major system work is required — too complex for a standard fix & flip loan.
Converting a commercial property to residential, or a single-family home to a multi-unit investment property.
Financing the addition of accessory dwelling units to an existing property to increase income potential and asset value.
Building or converting properties with both commercial ground-floor and residential upper-floor components.
Developers building for sale upon completion who need capital structured around a construction-to-flip exit strategy.