Looking for a private lender or broker for a Houston spec home

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Looking for a private lender or broker for a Houston spec home

Yair Meir Korkus
Member since 2021 · 3 posts · 2 votes

First-time developer, partially completed project, approximately $700k remaining construction budget.
Significant equity in the lot and experienced GC.
Looking for lenders that are comfortable with first-time developers and mid-construction projects.



here some info:

I am seeking a construction loan for a new residential build in Houston.
I currently own the property free and clear

12,575 Lot Sqft
5,471 sqft living area

Total Covered Area Under Roof: 9,370 sqft

The project is fully permitted and construction is active, good Loan-to-Value (LTV)



Thanks guys

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  • Vijay FriedmanBusiness Member
    Miami, FL · Member since 2026 · 766 posts · 123 votes
    2mo
    Quote from @Yair Meir Korkus:

    First-time developer, partially completed project, approximately $700k remaining construction budget.
    Significant equity in the lot and experienced GC.
    Looking for lenders that are comfortable with first-time developers and mid-construction projects.



    here some info:

    I am seeking a construction loan for a new residential build in Houston.
    I currently own the property free and clear

    12,575 Lot Sqft
    5,471 sqft living area

    Total Covered Area Under Roof: 9,370 sqft

    The project is fully permitted and construction is active, good Loan-to-Value (LTV)



    Thanks guys

    @Yair Meir Korkus
    Sounds like you've already made solid progress with the project. Hopefully you find a lender that's comfortable with mid-construction financing. Wishing you a smooth path to completion!

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    0Reply
    • Yair Meir Korkus
      OP
      Member since 2021 · 3 posts · 2 votes
      2mo
      Quote from @Vijay Friedman:
      Quote from @Yair Meir Korkus:

      First-time developer, partially completed project, approximately $700k remaining construction budget.
      Significant equity in the lot and experienced GC.
      Looking for lenders that are comfortable with first-time developers and mid-construction projects.



      here some info:

      I am seeking a construction loan for a new residential build in Houston.
      I currently own the property free and clear

      12,575 Lot Sqft
      5,471 sqft living area

      Total Covered Area Under Roof: 9,370 sqft

      The project is fully permitted and construction is active, good Loan-to-Value (LTV)



      Thanks guys

      @Yair Meir Korkus
      Sounds like you've already made solid progress with the project. Hopefully you find a lender that's comfortable with mid-construction financing. Wishing you a smooth path to completion!


       Thank you!

      0Reply
  • Corinna Negron
    Member since 2026 · 129 posts · 21 votes
    2mo
    Quote from @Yair Meir Korkus:

    First-time developer, partially completed project, approximately $700k remaining construction budget.
    Significant equity in the lot and experienced GC.
    Looking for lenders that are comfortable with first-time developers and mid-construction projects.



    here some info:

    I am seeking a construction loan for a new residential build in Houston.
    I currently own the property free and clear

    12,575 Lot Sqft
    5,471 sqft living area

    Total Covered Area Under Roof: 9,370 sqft

    The project is fully permitted and construction is active, good Loan-to-Value (LTV)



    Thanks guys

    Based on what you’ve shared, there are several positive aspects that private construction lenders typically look for: free-and-clear land ownership, active permits, construction already underway, and meaningful equity in the project.

    Mid-construction financing for a first-time developer can certainly be more challenging, but it’s far from impossible when the deal fundamentals are strong and there’s a solid exit strategy.

    I'd be happy to take a closer look at your project and see whether it aligns with our lending criteria. Feel free to send me a private message with your construction budget, estimated completed value (ARV), and timeline, and I'll gladly provide my initial thoughts.


    0Reply
  • Nicola Mislinski
    Lender · Charleston, SC · Member since 2025 · 35 posts · 4 votes
    2mo

    I may know someone that could get this done

    0Reply
  • Steve Waller
    Lender · Houston, TX · Member since 2026 · 73 posts · 11 votes
    2mo

    Hi @Yair Meir Korkus — this looks like a solid project: free-and-clear land, active construction, permits in place, and a good LTV are exactly what we like to see. I'm with ACP Real Estate Lending, and we focus on ground-up construction and bridge financing for investors in the Houston, TX area specifically, so this is right in our wheelhouse. Feel free to share more details — remaining draw schedule, projected completed value (ARV), and timeline — and I'm happy to take a look and see if it's a fit for us to fund.

    0Reply
  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    1mo

    @Yair Meir Korkus

    Where it’s a Houston project such as yours, I would concentrate on local lenders involved with construction finance, credit unions and individual lenders who deal with mid-construction takeouts and new developers. You have great strength in your free-and-clear land, permits, GC experience and high equity, but make sure to have an accurate budget and schedule prepared before you approach any lender.

    Good luck!

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