The Problem We Solve
Luxury spec is a different underwrite. Comps thin out above $4M, sales velocity is slower, and most regional banks cap their exposure or refuse the product entirely. We work with luxury builders who consistently deliver in proven enclaves and need a lender who understands that a 14–18 month sales window is the rule, not the exception.
Who This Is Built For
- Luxury builders with at least 3 completed homes above $3M in the last 36 months
- Builders working in established high-end enclaves with active comp activity
- Developers placing 2–5 luxury spec homes a year and needing repeat capital
- Owner-builders extending into spec for the first time with strong personal liquidity
Program Terms
How the Process Works
Deal review
Submit address, plans, budget, comp set, and builder résumé. We screen feasibility before ordering reports.
Term sheet
Indicative pricing inside 5 business days; we size against the appraised ARV and a stress-tested sales window.
Appraisal & diligence
Luxury-qualified appraiser, full budget walk, market study, and personal financial statement.
Close & monthly draws
Close in 4–6 weeks. Inspection-based monthly draws with photo and lien documentation.
Frequently Asked Questions
Sales windows are longer and price discovery is harder above $4M. Lenders haircut both the leverage cap and the ARV multiple to absorb a 12–18 month carry. Eighty-five percent LTC capped against 70% of appraised ARV is the typical structure, which often translates to 78–82% LTC in practice.
Discuss a Luxury Spec Home Deal
Submit your project. We'll respond within 24-48 hours with indicative structure and next steps.