Eligible Property Types
- Single-family development
- Townhomes
- Small multifamily
- Build-to-rent projects
Loan Programs
Ground-Up Construction
Northline Capital provides construction financing for experienced developers building residential and small multifamily projects.
Loan Parameters
| Parameter | Details |
|---|---|
| Loan Size | $50,000 – $5,000,000 |
| Term | 12 – 18 months |
| Interest Rate | 11.5% – 13.5% |
| Origination Fee | 2 – 3 points |
| Max Loan-to-Cost | Up to ~90% |
| Max Loan-to-After-Completion Value | Up to ~80% |
Typical Use Cases
- Ground-up residential development
- Build-to-rent communities
- Small multifamily construction
Borrower Requirements
Northline Capital provides financing for experienced real estate investors and sponsors executing business-purpose real estate transactions.
Typical borrower requirements include:
- Loans must be for business or investment purposes only.
- Owner-occupied primary residences are not eligible.
- Borrowers typically invest through legal entities such as LLCs or corporations.
- Borrowers must certify that loan proceeds will be used solely for business or investment purposes.
- Borrowers must certify that the collateral property is not intended for owner-occupied consumer use.
- Sponsor and development experience, budget integrity, timeline realism, and draw compliance are central to construction underwriting.
- A clear exit strategy is required, typically through sale, refinance, or stabilization.
- Adequate liquidity, reserves, and project support may be required.
- Additional underwriting conditions may apply based on property type, market, borrower profile, business plan, and sponsor experience.
- Financing is subject to underwriting review and is not guaranteed unless and until final loan documents are executed and all closing conditions are satisfied.
Ready to discuss a ground-up construction scenario?
Whether you are seeking financing, submitting a brokered deal, or evaluating a loan sale, Northline Capital can review the opportunity.