REAL ESTATE INVESTOR FINANCING
Build-to-Rent Construction Loans
Build it once. Finance the hold from day one.
- Construction
- Up to 95%
- One-Time-Close
- 87.5% / 80%
- Permanent
- DSCR
- Closings
- One
LTC Maximum Leverage path
Construction LTC / permanent LTV
Rental takeout structured in
No second closing (OTC path)
Program at a Glance
Program at a Glance
Build-to-Rent pairs the construction phase with a permanent rental (DSCR) takeout, so the build and the long-term hold are evaluated together rather than financed separately.
- Financing
- Construction financing + a permanent rental (DSCR) takeout, evaluated together
- Construction LTC
- Up to 95% (Max Leverage) · up to 87.5% (One-Time-Close)
- Construction Funding
- Up to 100% of eligible construction
- Permanent LTV
- Up to 80% (One-Time-Close) · separate DSCR refinance (Max Leverage)
- Loan Size
- Up to $3 million
- Construction Term
- Approximately 12–18 months, interest only
- Property Types
- Single-family, 2–4 unit, multifamily 5+ & qualifying commercial
- Draws
- 24-hour digital inspections
- Closings
- One closing (OTC) · no second closing after completion
- Prepayment
- None
Program features vary by structure and are not necessarily available together. The permanent takeout is subject to stabilization and provider underwriting.
Program Options
Ways to structure this financing
These are internal program options within one product — not separate loans or pages. Expand a path to view its verified terms; every path feeds the same application.
Property / Deal Eligibility
Property types we build to hold
Build-to-Rent covers properties constructed specifically to be retained as income-producing rentals. Project structure and underwriting vary by property type and scale.
The construction mechanics are similar to Ground-Up Construction; the difference is the permanent rental takeout is part of the plan from the start. Larger multifamily build-to-rent is evaluated project-by-project.
Permits
Permit requirements
Permits are typically required for build-to-rent construction. Completed plans and permits strengthen the submission and allow the project to underwrite more cleanly. Some programs allow submission during pre-development with conditions, but a permitted, shovel-ready project moves faster.
Exceptions may be considered
Exceptions are not guaranteed and depend on the complete transaction. Factors that may influence whether an exception is considered:
- Project stage — early pre-development submissions may be considered with conditions
- Transaction structure — certain structures accommodate in-progress permitting
- Borrower experience — experienced builders may receive more flexibility during pre-development
- Program eligibility — exception consideration depends on the specific program and complete transaction
How It Works
How it works
- 01
Assemble the project
The investor secures land, completes plans and permits, engages a builder, and projects the completed rent the property will produce.
- 02
Submit the deal
Land, budget, plans, projected rent, units, and the long-term hold strategy are submitted.
- 03
Structure review
The lender evaluates the construction phase and the permanent rental takeout together — the build and the hold as one strategy.
Documentation
What to have ready
Build-to-Rent evaluates the construction project and the permanent rental takeout together, so both the project and the projected rental income documentation matter.
Ready to apply for Build-to-Rent?
One focused application. No cost and no obligation. Standard real-estate applications require no credit pull to request terms.
FAQ
Build-to-Rent — Frequently Asked Questions
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