Ground-up and infill construction financing for Ohio investor-builders. From Columbus growth corridors to the Intel corridor in Licking County, capital for builders doing 1-5 units at a time.
Central Ohio is in the middle of a building boom. An 8,500+ unit housing shortfall in Columbus, Intel’s $20B+ semiconductor fab in Licking County, and sustained population growth are creating massive demand for new construction. If you’re a small builder or investor-developer doing 1-5 units at a time, construction financing can help you capitalize on this opportunity.
Build from scratch on a vacant lot. These loans fund land acquisition (if not already owned) plus all construction costs through a draw schedule. Ideal for infill lots in Columbus neighborhoods and new subdivisions in the Intel corridor.
Single-close loan that converts from a construction loan to a permanent DSCR loan once the build is complete and tenants are in place. Saves closing costs and eliminates refinance risk.
For investor-builders constructing properties to sell or rent without a pre-sale. The lender underwrites based on projected ARV and market comps.
Intel’s semiconductor fabrication plant in Licking County represents the largest private investment in Ohio history at over $20 billion. The ripple effects are creating a generational investment opportunity for Central Ohio builders and investors:
Investors building rental housing in the Intel corridor are positioning themselves to capture both construction-phase demand and long-term rental demand from permanent employees.
Ground zero for Intel corridor demand. Lot prices are rising but still accessible compared to what they’ll be in 2-3 years. SFR and small multifamily construction pencils well here.
Western Columbus suburbs with strong school districts and growing rental demand from young professionals. Infill opportunities on smaller lots.
Southeast Columbus growth corridor. Amazon and logistics hub employment driving demand. More affordable lots for builders targeting workforce housing.
Urban infill on vacant lots in revitalizing neighborhoods. Smaller projects (1-4 units) that can be built and rented or sold quickly.
If you’re building to rent (not flip), the ideal path is construction financing that transitions to a permanent DSCR loan once the property is complete and occupied. This works especially well in the Intel corridor where rental demand for new construction is strong.
Most lenders want 1-2 completed projects on your resume. If you’re new to building, partnering with an experienced GC (general contractor) and having a strong project plan can help you qualify.
Yes. Build-to-rent is increasingly popular in Central Ohio. Construct the property, lease it up, then refinance into a long-term DSCR loan.
The Intel corridor (New Albany, Johnstown, Pataskala), Columbus growth suburbs (Hilliard, Canal Winchester, Groveport), and urban infill neighborhoods (Franklinton, Linden) all offer strong opportunities for investor-builders.
Tell me about your project. I’ll match you with the right construction lender.
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