How does military employment affect Colorado Springs spec absorption?

Fort Carson, Peterson Space Force Base, the Air Force Academy, and Schriever Space Force Base anchor durable employment that supports housing absorption through economic cycles. Builders working subdivisions with military-commute viability typically see steady absorption regardless of broader cycles.

Are bank construction loans still active in Colorado Springs spec lending?

Yes. A handful of Colorado regional players anchor sponsor relationships at 70–75% LTC. Many Colorado Springs sponsors use Denver-based banks given the smaller Springs-specific banking pool. Pricing runs 50–75 bps wider than Denver for comparable product.

Colorado Springs spec home construction financing

Colorado Springs, CO · Up to 90% LTC

Spec Home Construction in Colorado Springs, CO

Colorado Springs spec home activity is concentrated in Briargate, the Powers corridor, Falcon, and Monument. The Banning Lewis Ranch master-planned community continues to deliver thousands of platted lots. Military and defense contractor employment supports durable demand. The construction facilities we arrange fund up to 90% LTC for production spec across El Paso County.

Colorado Springs Developer Market

Colorado Springs has absorbed steady inbound migration tied to military, defense contractor, and aerospace employment. El Paso County permits are dominated by Briargate, the Powers corridor, and Falcon, with Monument anchoring the higher-end Tri-Lakes submarket.

The market is smaller than Denver but has been more consistent through interest-rate cycles, supported by the durable military employment base.

Permit Trends

El Paso County leads. Falcon (east side) has absorbed significant production growth. The Banning Lewis Ranch master-planned community continues to deliver thousands of platted lots over multiple phases. Monument anchors high-end activity in the Tri-Lakes area.

Capital Climate

Smaller lender pool than Denver. Local banks and a handful of regional players anchor relationship banking; private credit fills in for BTR and larger deals. Pricing runs 50–75 bps wider than Denver.

Colorado Springs Submarkets We Place In

Briargate Black Forest Falcon Monument Fountain Powers Corridor Cordera Flying Horse

Spec Home Construction Program Terms

Loan-to-Cost

Up to 90%

Loan-to-Value (ARV)

Up to 75%

Loan Size

$250K – $5M per home

Term

12 – 24 months, interest-only

Recourse

Recourse and non-recourse options

Draws

Inspection-based, typically 5–7 day funding

Full Spec Home Construction Program Details

Representative Colorado Springs Deal

Spec construction loan

$520K

Single-home construction in Falcon at 87% LTC, builder taking lots from the Banning Lewis Ranch takedown.

Frequently Asked Questions

Questions builders and developers ask about spec home construction loans in Colorado Springs.

Finished lots in Briargate range $120K–$220K. Powers corridor runs $90K–$170K. Falcon sits at $80K–$150K. Monument (Tri-Lakes) runs $150K–$280K reflecting the higher-end product. Banning Lewis Ranch lots range $90K–$170K depending on phase.