Currently, we provide financing for residential development projects that are intended for investment purposes. This includes ground-up construction of single-family homes, duplexes, triplexes, and fourplexes. Whether you’re building a single property or planning a small residential community, your project may qualify—so long as the end use is non-owner-occupied and fits within our 1 to 4-unit criteria.
Development Loan
Powering Projects From the Ground Up
Build Smarter With the Right Development Loan
Whether you’re planning a ground-up residential project or expanding your commercial portfolio, Barrett Funding connects you to flexible development financing built for speed, scale, and success.
Development Financing Designed for Investors
If you’re planning a new residential build, Barrett Funding offers flexible and fast development loan solutions to bring your project to life. Whether you’re acquiring raw land, preparing lots, or starting vertical construction, our financing is built for investors focused on 1 to 4-unit residential properties.
Our development loans are designed to fund the full lifecycle of your project—from land acquisition and site prep to construction and final stabilization. We work with both first-time developers and seasoned investors, structuring loans that align with your timeline, budget, and long-term strategy.
What Is a Development Loan?
A development loan is a short-term loan used to finance the construction of new residential properties, typically for investment purposes. Unlike traditional mortgages, development loans are issued in phases (also called “draws”) as construction milestones are met. These loans can cover:
- Land acquisition
- Soft costs (permits, architectural plans, engineering)
- Site preparation
- Vertical construction
- Contingency reserves
At Barrett Funding, we offer development financing for a variety of residential investment projects, including single-family homes, duplexes, triplexes, and fourplexes. Our focus is helping you build faster, with fewer roadblocks and more control over your capital.
Why Choose Barrett Funding for Your Development Loan?
We’re not a traditional bank—and that’s by design. At Barrett Funding, we prioritize speed, flexibility, and partnership. Our loan products are structured specifically for real estate investors and builders who need access to reliable capital on a tight timeline.
Here’s what sets our development loan process apart:
- Fast Pre-Approvals: Get matched with loan scenarios within 24 to 48 hours
- Land + Build Financing: One loan to cover both acquisition and construction
- Monthly Draws: Disbursements based on completed work, not upfront guesswork
- Interest-Only Options: Manage cash flow during the build phase
- Simple Documentation: Less red tape, more deal flow
- Dedicated Support: Work directly with a team that understands real estate development
Whether you’re building a spec home or developing a small residential community, our goal is to help you secure financing that works just as hard as you do.
Who Qualifies for a Development Loan?
Our development loans are available to investors and builders with projects that meet the following criteria:
- Project is residential (1 to 4 units) and intended for investment purposes
- Borrower has a sound financial profile or business entity
- Strong project plan, construction timeline, and reliable contractor team
- Land is under contract or available for acquisition
- Necessary permits and building plans (or reasonable timeline to obtain them)
We work with a variety of borrower types—including LLCs, corporations, and individuals—and can accommodate both first-time and experienced developers.
Common Use Cases for Development Loans
A Barrett Funding development loan is ideal for a range of project types, including:
- Ground-up residential construction
- Spec home development
- Land acquisition and horizontal site prep
- Value-add infill development
- Lot subdivision with phased build strategy
If you’re unsure whether your project qualifies, reach out to our team. We’ll review your plans and provide transparent guidance on the best next steps.
Our Approach to Development Loans
At Barrett Funding, you can always expect tailored lending solutions with transparent terms to support your development goals.
We Know Development Timelines
From permitting delays to weather hiccups, we understand the challenges of development and structure loans with realistic draw schedules and contingency planning.
We Fund More Than Just the Build
From land acquisition to infrastructure and utilities, our loans are designed to support the full scope of your project.
Support Beyond the Numbers
We’re here to answer your questions, advocate through underwriting, and help you strategize for the long haul—not just the next close.
Getting Started With Development Financing
Our team provides a straightforward path to smart capital.
Your Questions Answered
Yes, you can. Our development loan program can include funding for land acquisition as part of the total loan package. This means you can secure the property and finance early development costs—such as permitting, architectural plans, and environmental studies—without needing to secure multiple loans.
We understand that every experienced developer started somewhere. That’s why we work with first-time investors who have a strong business plan and a reliable team in place. While previous experience helps, we’re more focused on the feasibility of your project, the strength of your contractor relationships, and your commitment to success.
Development loans are typically disbursed in phases through what’s called a “draw schedule.” Funds are released monthly based on completed work that’s been verified through inspections or documented milestones. This ensures your construction stays on track while aligning with your budget and timeline.
To get started, you’ll typically need to submit a detailed project budget, construction timeline, contractor or builder resume, executed construction agreement, any available permits or site approvals, and standard borrower financial documents. This allows our team to underwrite your loan efficiently and offer terms tailored to your development plan.
We move quickly. After you submit your application and supporting documents, you can expect to receive initial loan scenarios within 24 to 48 hours. Once terms are accepted, most loans close within 2 to 4 weeks—depending on project complexity and how quickly third-party requirements like appraisals and inspections are completed.
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