Construction capital for value creation · $1MM–$20MM
We finance builders who create value, and we stay ahead of the game: new housing laws, modular builds and plans other lenders don't understand.
The same lot, under California's new law
What we finance
$1MM–$20MM
Loan size. Based in California, lending in major metros nationwide.
Interest only on what's drawn
Non-Dutch draws: no interest on funds you haven't used
Material advances
Paid for materials you've ordered? We reimburse up to 50% of the cost, with proof of payment.
2–3 days
Draws funded in business days after a complete package
We see it often
No finance jargon. One person who knows your project. Not a 1-800 number.
You know the site, the build and the numbers. Turning that into a package a lender understands is a different skill.
Banks and most lenders underwrite what's handed to them. If they don't understand your plan, the deal stalls.
Your strategy gets re-explained and re-approved one project at a time. That limits how fast you can grow.
We finance what your project can become, not just what it is today.
Where the value is
SB 684 · SB 1123 · SB 1116
No public hearing. 60-day decision. Expanded in 2027.
SB 1211
No change to the units already there.
Official text: SB 1211 ↗
Modular · Panelized
Loans built around your manufacturer and timeline.
Eligibility depends on the site and the city. Housing-law information is general, not legal advice. Talk to us about your project.
See housing laws →Recent deals
2 weeks
to close, at the requested leverage
RENOVATION · $1.6MM ARV · WORKFORCE HOUSING
The challenge
Limited track record, a two-week deadline, a 90% LTC / 75% LTV request and few sales comps.
What we did
Credited the principal's experience as a general contractor and brought in a local MAI, SRA appraiser to value it properly.
As‑is value
underwritten after the permit, not the purchase price
GROUND-UP · $3MM ARV · SFR
The challenge
After buying the lot, the borrower recapitalized the entity with new investors at a higher valuation, a structure most lenders avoid.
What we did
Recognized the value created by securing the building permit and underwrote the as-is lot value.
$10MM
ARV, with a non-standard ownership structure
GROUND-UP · LUXURY SFR
The challenge
The guarantors held less than half the equity, a structure most lenders' rules reject.
What we did
Reviewed the operating agreement in depth and validated the guarantors' financial strength.
How we work
Your plan, in your words: this project and where your business is going. We underwrite the value you create, not just your paperwork.
Housing laws, city rules and building methods change every year. We track them, so you can plan around what's possible next.
We structure this loan with your next projects in mind. For the right project, we can help with more than the loan.See how we backed a growing builder →
How a loan works
FAQ
No. Send the address, what you want to build and your rough numbers. We'll help with the rest.
Banks underwrite deposits and tax returns. We underwrite the plan: the site, the build and the exit. That's how projects using new housing laws, modular builds and other non-standard plans get funded.
Yes, including small-lot subdivisions and ADU projects. Eligibility depends on the site and the city, so start by sending us the address.
Typically funded within 2–3 business days after inspection and a complete draw package. You pay interest only on what's been drawn.
Owner-occupied homes and consumer loans. We lend only for business purposes, to builders, developers and investors.
About
Kyle Chuang, CCIM, CHIA, Managing Principal
20+ years in capital markets and real estate
Kyle meets builders, walks sites and talks through the options. Builders bring the project; Kyle often brings a better way to structure it.
Share the address and what you're planning.
Request a Term Sheet