New Construction Loans | Herzer Financial

Who We Are

More Than a Lender

The Herzer Financial construction lender dates back to the 1950s. Our founder, Fred Herzer, provided financing for some of the earliest developments of the iconic Eichler homes. We are not just a construction lender; we are a legacy of service and expertise. We work closely with specialized teams to ensure your qualifications, budget, and project scope align seamlessly, making your construction goals a reality.

About Us

Builders

Seize lucrative opportunities and complete projects more efficiently with no stringent credit requirements or lengthy approval processes.

Developers

Access capital quickly, expedite project timelines, and capitalize on profitable ventures with greater flexibility in loan terms and conditions.

Homeowners

Get faster, more accessible financing options for builds or renovations, and get accommodations for unique credit or challenging project circumstances.

I have been doing business and taking out multiple construction loans with Herzer Financial over the last 10 years. As a small builder, I valued Herzers' quick loan-turnarounds, competitive rates, and personalized customer attention. Herzer staff is highly knowledgeable of the construction industry process and always delivered as promised.

Mike C.

Herzer Financial is able to put together complex loans, bridge loans, and fix-and-flip loans that banks either can’t or won’t do. While unpalatable for banks, they provide consistent payoffs for savvy investors.

John, Investor

Half-painted house wall facade during exterior renovations

My wife and I needed a bridge loan while we put our home on the market. We were surprised to learn banks wouldn’t fund people in our situation. Herzer Financial Services made it possible to buy our new dream home without having to sell our prior home first.

Homeowner/Borrower

Mature couple hugging while moving into new house

Underwrite and Approve

We evaluate your financial qualifications and the feasibility of the construction project, including budget and plans, to ensure borrower, project, and lender alignment. This initial assessment helps determine loan terms, timelines, and the milestones for draws. Loan approval is based on these factors.

Learn about loan underwriting principles from our Socotra partners.

Loan-officer-discussing-financial-papers-with-client

Draw Loan Documents

Working with you, we create, review, and finalize the loan documents that define the terms and conditions of the construction loan. Documents include the promissory note, deed of trust, interest, draw schedule, repayment schedule, and any additional agreements.

Fund the Loan

Funds will be disbursed to you in stages as construction progresses. This staged approach ensures that funds are used for their intended purpose and maintain alignment with project milestones. It also enables timely progress monitoring, budget adherence, and efficient project management.

Avoid construction delays with a hard money loan, from our Socotra partners.

Site Inspections

Regular visits are made to the construction site to ensure accurate project timelines and budgets. These inspections are crucial risk management and quality assurance measures that mitigate potential issues and maintain project integrity.

Disburse Construction Draws

As construction milestones are achieved, loan disbursements are made in accordance with the predetermined schedule. These draws cover project expenses and encourage steady progress, promoting a smooth construction process.