Can I close before my permits are final?

It depends on the project. Your loan conditions will spell out which approvals CR Equity AI needs and when. Getting your plans, budget, and schedule ready early keeps that list short.

How do construction draws work?

You finish a stage of the build, request the draw in your dashboard with photos and the inspection, and CR Equity AI pays it from its own capital — usually within 24–48 hours.

What does a construction loan cost?

Rates start at 10.99%, with 1.50% origination and a 0.50% exit fee, as of September 15, 2026. Your final pricing is on your term sheet.

Is this the same as a fix and flip loan?

No. Fix and flip loans finance buying and renovating an existing property. Ground-up construction finances building something new, paid out in stages as you build.

Construction Loans Before Breaking Ground

How the money is released

A ground-up construction loan pays for the land and the build in stages, called draws. At closing, you and CR Equity AI agree on each stage of the build and when the work will be inspected.

When you finish a stage, you request the draw in your dashboard with photos and the inspection. Because CR Equity AI lends its own money, there is no bank committee to wait on.

Loan terms usually run 12 to 36 months. How you will pay it off once the build is done — a sale or a long-term rental loan — is planned from the start.

What to prepare before you apply

On top of the usual borrower and entity documents, bring your plans, a line-item budget, a build schedule, and support for what the finished property will be worth.

Permits and zoning approvals depend on your city or county. Your contractor and local advisers handle that timeline; your loan conditions will list what CR Equity AI needs to see and when.

Ground-up construction at a glance

Detail	CR Equity AI
Starting rate	10.99% (final rate on your term sheet)
Lender fees	1.50% origination at closing; 0.50% exit fee
Servicing	0.50% a year on the outstanding balance
Maximum loan-to-cost	Up to 100%, subject to underwriting
Draw payments	Usually 24–48 hours after inspection
Loan term	12–36 months
Minimum loan	$75,000
Valuation	AIVAA™ — no traditional appraisal
Credit check to see terms	Soft pull only — no effect on your score

Who this loan fits

Building on empty land or after a tear-down, to sell or to rent
Builders and investors who can provide plans, a budget, and a realistic finished value
Business-purpose projects in the states we lend in

Not eligible

Building a home you plan to live in
Projects without plans or a detailed budget
Properties in Vermont, North Dakota, South Dakota, or Nevada

Frequently asked questions

Direct lender. We lend our own capital. Soft credit pull only — no hit to your score to get terms.

Brokers: you can submit a client’s deal or learn about our broker program.

See my construction terms Construction program →