Fast, flexible capital for builders who need to start projects without bank delays.
Private money loans are construction loans funded by private individuals or non-institutional lenders rather than banks. These lenders prioritize the value of the project and the builder’s experience over strict documentation or presales.
For homebuilders, private money provides the speed and flexibility to break ground quickly, finance multiple homes at once, and meet rising housing demand without waiting for long bank approvals.
At Nelson Funding, we connect builders with vetted private money lenders nationwide who understand residential construction — ensuring you get funding that fits your timeline and goals.
Mid-sized builder in Salt Lake City, UT
Development of eight spec homes in a growing suburban community
The bank required 25% equity and at least two presales before funding. The builder had buyers in the pipeline but needed to start immediately.
Nelson Funding arranged a $5M private money construction loan with 80% LTC and a 24-month term. Funds were released through a draw schedule aligned with milestones. The builder broke ground in 21 days, completed construction, and sold all homes within 16 months.
👉 Without private money, this builder would have missed the opportunity. With Nelson Funding, the project succeeded.
Builders choose Nelson Funding for private money financing because we:
“We connect builders with private money lenders who understand construction — and who can close when banks can’t.”
Yes. Rates are typically 9–12%, reflecting speed and flexibility. But builders value fast closings and no presale requirements more than slightly higher costs.
Most private money construction loans close in 2–3 weeks. Some can close even faster depending on the project.
No. Private money lenders fund speculative projects without presales.
Single-family spec homes, subdivisions, and custom homes built for resale.
Most builders sell homes and repay the loan. Others may refinance into permanent financing if they choose to hold inventory.
When banks stall or require presales, private money lenders step in. Nelson Funding connects builders to trusted capital sources nationwide, giving you the speed and flexibility to break ground and build with confidence.
