Construction Loans Ground Up in Island County Washington
LoiNow provides ground-up construction financing for real estate investors, builders, and developers throughout Island County, Washington.
Why Ground-Up Construction Loans with LoiNow?
Traditional banks say no. We say yes.
Banks require:
- Blueprints
- Completed permits
- Bank statements
- Tax returns
- 30–90 days underwriting
LoiNow requires: - Address
- Estimated construction budget
- Exit strategy (sell or refinance)
That’s it.
Eligible borrowers
- LLCs
- Corporations
- New builders (experience not required)
Local Island County Market Insights
Island County demand is fueled by:
- Military housing demand (Naval Air Station Whidbey Island)
- Low inventory of new construction
Rising short-term rental investment
Property Types We Fund
- Single family new builds
- Duplexes, triplexes, fourplexes
- Townhomes & small multifamily
How the Process Works
Submit Deal Scenario
Budget, timeline, exit plan.
Same-Day Soft Terms Issued
No junk fees — transparent pricing.
Fast Closing
Funds wired quickly to keep subs working.
Benefits over Traditional Banking
Approvals in days
Distressed property support
Closing in 5 - 7 days
No Income Docs Required
Loan Program Overview
Terms | Details |
Loan Amount | $250,000 – $35,000,000+ |
LTC (Loan to Cost) | Up to 85% |
ARV (After Repair Value) | Up to 70% |
Draws | ✅ Based on milestone completion |
Builder Experience Required | Not required (we help guide new builders) |
Prepayment Penalty | None |
Credit Score | No minimum |
FAQs
We can issue term sheets before permits are approved.
Based on milestone inspection (foundation, framing, MEP, trim, finish).
Yes — we lend on land + construction vertical.