New construction loans provide the capital necessary to finance ground-up development projects — from raw land acquisition through the completion of vertical construction. Unlike traditional mortgages, construction loans are disbursed in stages (draws) as the project reaches defined milestones, minimizing carrying costs while ensuring funds are available when needed. Progressive Realty Capital’s construction lending program supports a wide range of project types, from single-family spec homes to multifamily developments and commercial ground-up projects. Our experienced team understands the complexities of construction finance and works closely with developers to structure loans that align with project timelines and budgets.