New Construction Loans in Nevada
From the foundation up, we’re by your side!
Ready to kick off your new construction project? BNB Lending offers fast, flexible financing with 1 to 2-year interest-only terms to help you get the job done efficiently. We provide funding for residential properties (1 to 4 units), multi-family units, condos, apartment complexes, commercial buildings, and hotel construction projects. Our financing covers up to 85% of the purchase price and 100% of vertical construction costs, ensuring your project is ready for rent or sale. Plus, with no prepayment penalties, you can refinance or sell whenever you're ready. Our quick closing process means you can get quoted and funded in as little as 14 days.
How to qualify
To obtain a quote, we will need the following information:
Property Value and
Purchase Price
Down Payment
Amount
Credit Score
Asset Types
- Single Family Homes
- Townhomes
- Condos
- 2 - 4 Units (Duplex, Triplex, Quadplex)
- Multi-Family: 5 - 8 Units
- Mixed-Use: 2 - 8 Units
- Multi-Family: 9+ Unit
Loan Terms
- Loan Sizes:
$100k up to $3.5 Million (Larger loan sizes available on a case by case basis)
- Purchase LTV:
Up to 85%
- Rate & Term Refinance LTV:
Up to 80%
- Cash Out Refinance LTV:
Up to 80%
- Amortization:
30 Year % 40 Year Amortization Options Available
- Term Lengths:
5/6 ARMs, 7/6 ARMs, 10 Year Interest Only, 30 Year Fixed & 40 Year Fixed
- Floor Rate:
5.50% (subject to change daily due to market volatility)
- Full Recourse
with personal guarantee required for all borrowers with majority ownership (typically 20%+ or 25%+ if closing in an Entity)
- DSCR Requirement: 1.00x or greater depending on loan size and property type. Sub-1.00x DSCR and NO DSCR options available.
- Vesting:
Lending to Individuals, LLCs, and Corporations. Trusts Allowable on a Case by Case Basis.
- Average Time to Close:
14 to 35 days
Wondering if you qualify for investment property financing in your area?
We offer lending services in all 50 states!
Frequently Asked Questions
What are the requirements for getting a construction loan?
To get approved for a construction loan, you’ll need a licensed contractor, approved building plans, permits, and a detailed line-item budget. Most lenders require land ownership or a signed contract, a minimum credit score of 660, and at least 15% down. Funds are issued in draws that follow the build schedule. We also review liquidity, builder experience, and market comps. The more detailed your package, the faster we can move. BNB Lending makes it easy for real estate investors and developers to get started without the long delays of traditional bank loans.
How do home construction loans differ from traditional financing options?
Home construction loans are short-term loans that release funds in phases as your build progresses. During construction, payments are interest-only. Traditional mortgage loans fund in full at closing and begin principal and interest payments immediately. Construction financing is ideal for STRs and custom builds, as it’s based on project scope and timeline rather than W-2 income. Once your property is complete, you can refinance into a long-term mortgage. This two-step approach allows more control, reduces early out-of-pocket costs, and matches funding to actual build phases.
What credit score is needed to qualify for new construction financing?
Most construction lenders require a credit score of 660 or above. However, we evaluate more than just credit—liquidity, builder reputation, exit strategy, and budget detail are just as important. If your credit is just below that benchmark, strong reserves or past experience may still help you qualify. Construction financing focuses on how your project is planned and executed, not just personal financials. At BNB Lending, we work with builders and investors who need flexibility—not red tape. A well-organized application is often more valuable than a perfect credit score.
Are construction loans available to small business owners or just individuals?
Construction loans are absolutely available to small business owners and entities like LLCs and corporations. We commonly fund projects structured under businesses, as long as there’s a personal guarantor with at least 20–25% ownership. Business borrowers benefit from our focus on project viability—not traditional tax documents or pay stubs. Our underwriting model is designed for real estate professionals, builders, and STR investors. We lend based on the strength of your plan, builder, and exit strategy—not outdated bank rules. Whether you're scaling or launching, our loans support business growth with minimal friction.
What is the typical loan rate for construction financing?
Construction loan rates generally start around 5.50%, depending on your credit score, loan size, builder experience, and project risk. These loans are interest-only during the build phase, offering maximum flexibility and low monthly costs while your home or rental takes shape. After construction is complete, borrowers usually refinance into a DSCR loan or fixed-rate mortgage. Strong documentation, timely permits, and a reputable builder often reduce both your rate and time to close. At BNB Lending, we price competitively and move quickly—especially when the project is well prepared.
What types of loans are best for new construction projects in Nevada?
The best loans for new construction projects in Nevada are interest-only draw loans that release capital based on project milestones. Whether you're building a luxury STR in Las Vegas, a multi-unit near Henderson, or a new infill home in Reno, these loans provide up to 85% land financing and 100% of vertical costs. Nevada builders benefit from fast approvals, flexible underwriting, and loans that align with real project timelines. Once construction wraps, borrowers often refinance into long-term mortgage solutions. Our Nevada construction loans give you speed, control, and fewer roadblocks.
Explore new construction loans and other STR loans in neighboring states like New York and Pennsylvania to explore new opportunities beyond New Jersey.
