Construction loans in Phoenix.
Ground-up builds, spec homes, and heavy rehabs across the Valley. Lot plus vertical, up to 85% of total cost, with stage-based draws funded in about 24 hours — because a build lives or dies on its draw schedule.
Terms with nothing hiding in them.
Construction financing is a draw business. A lender that funds draws in a day keeps your subs on site; one that takes two weeks becomes your general contractor's biggest bottleneck. We manage draws in-house, fund them in about 24 hours, charge no draw or inspection fees, and the schedule flexes when your build does. Interest accrues on funds as they're advanced — you're not paying full-balance interest on money still sitting in the budget.
| Interest rate | 12% — the entire cost of the loan |
| Points & fees | Zero. No origination, processing, underwriting, appraisal, draw, or extension fees |
| Leverage | Up to 85% of total cost (purchase + rehab/build) |
| Approval | Typically within 1 hour of your call |
| Funding | As fast as the same day once title is ready |
| Draws | Funded in about 24 hours, managed in-house |
| Exit | No prepayment penalty, no minimum interest, no payoff fee |
| Qualifying | The deal qualifies you — no credit pull, no tax returns |
The math on a typical deal.
An infill build in South Phoenix: $140,000 lot, $310,000 vertical budget, $450,000 total cost against a $620,000 completed value. Kayak funds up to 85% of total cost with the construction budget released in stages as work completes — foundation, frame, mechanicals, finish — each draw funded in about 24 hours after your request. No draw fees, no inspection fees, and no extension fee when permits or weather push a 9-month plan to 11.
Related reading: new construction with hard money in Phoenix
From first call to funded.
- Bring the project: lot cost, build budget, plans, and completed-value comps. Approval typically within the hour.
- Close on the lot in days, with the construction budget committed up front.
- Draw as you build. Request a draw at each completed stage; funds in about 24 hours, managed by people you can call.
- Exit free: sell or refinance with no prepayment penalty, no minimum interest, no payoff fee.
Common questions.
Do you fund ground-up construction in Phoenix?
Yes. Lot purchase plus vertical construction for non-owner-occupied investor builds across the Phoenix metro, backed by 13 years of funding ground-up and heavy-rehab projects.
How do construction draws work?
Stage-based: request a draw as each phase completes, and funds arrive in about 24 hours. Draws are managed in-house with no per-draw fees and no third-party inspection queue, and the schedule can flex when the scope changes.
What does a Phoenix construction loan cost?
12 percent interest, zero points, zero fees. Interest accrues on funds as they are advanced, so you are not paying for budget that has not been drawn. There are no extension fees if the build runs long.
How much can I borrow on a construction project?
Up to 85 percent of total project cost, lot plus build budget, underwritten against the completed value.
What happens if my build takes longer than planned?
You pay only the additional months of interest. No extension fees, no re-underwriting, no penalty — builds run long, and the loan is built for that.