Capital Kings LLC · Broker, not a lenderNew Construction Loans
in North Carolina
Lot plus vertical construction on one loan for North Carolina spec builds, single family through small multifamily. First-time builders qualify, interest-only for 12 to 18 months, draws released as each stage is inspected. Building in Charlotte, Raleigh, Greensboro and statewide.
New Construction Loans in North Carolina at a glance
Current program terms, not teaser rates. Your exact terms depend on the property, your credit and your experience. The term sheet shows the real numbers before you commit.
85%
Of total cost, first build
90%
Of total cost after one build
65-75%
Of completed value
9.99%
Rates from (5+ builds)
650+
Minimum credit
12-18 mo
Interest-only term
Programs and pricing
North Carolina new construction terms as of September 2026
Same numbers the term sheet prints after you apply. Capital Kings LLC shops your North Carolina scenario across 400+ lenders and places it with the one that fits. Read the full new construction guide for how the program works deal by deal.
Ground-up single family to small multifamily, 12 to 18 month interest-only terms, lot and vertical funded together. First-time builders qualify at 650+ credit.
| Experience | Max loan | Completed-value cap | Lot advance | Rate | Origination |
|---|---|---|---|---|---|
| First build | 85% of total cost | 65% of completed value | 70% of lot cost | 11.49% | 2% |
| 1-4 builds | 90% of total cost | 70% of completed value | 75% of lot cost | 10.49% | 2% |
| 5+ builds | 90% of total cost | 75% of completed value | 80% of lot cost | 9.99% | 2% |
Who it is for
North Carolina investors we fund with new construction loans
First-time builders
No completed builds required. A licensed GC, a budget and plans get a first project financed at 85% of cost.
Infill and spec developers
Tear-down and rebuild lots in North Carolina metros where the completed value supports the loan.
Lot owners
Own the lot already? Its value counts as your equity, which can cover most or all of the down payment.
Small multifamily
Duplex through fourplex ground-up on the same program as single family.
What we need from you
- Plans and permits (or permit-ready status)
- Line-item construction budget from your GC
- GC license and references
- Lot purchase contract or deed if owned
- Two months of bank statements
- LLC documents
How it works
From application to funding in North Carolina
- 1Send the projectLot cost, build budget, completed value, your credit range and how many builds you have finished.
- 2Size the loanThe lower of the cost cap and the completed-value cap sets the loan. The term sheet shows lot advance, construction holdback and cash to close.
- 3Close on the lotLot funds at closing along with soft costs. The construction budget sits in a holdback.
- 4Draw as you buildFoundation, framing, mechanicals, finish: each stage is inspected and the draw is wired, usually within a few days.
Where we lend
North Carolina, city by city
The North Carolina markets we fund most. Not on the map? We broker every county in the state, so send the deal and we place it.
Common Questions
North Carolina Lending FAQ
Do you finance new construction in North Carolina for a first-time builder?
Yes. A first build in North Carolina prices at 11.49% with 85% of total project cost financed, capped at 65% of completed value, 650+ credit. After one completed build the loan moves to 90% of cost at 10.49%, and 5+ builds get 75% of completed value at 9.99%.
How much of the project cost will the loan cover in North Carolina?
85% of total cost (lot plus build plus soft costs) on a first build, 90% after one completed build. The loan is also capped at 65% to 75% of the completed appraised value depending on experience, and the lower cap wins.
What if I already own the lot?
Your equity in the lot counts toward the down payment. On many North Carolina builds a paid-off lot covers the entire cash requirement except closing costs and the first draw.
What are North Carolina construction loan rates?
As of September 2026: 11.49% for first build, 10.49% for 1-4 builds, 9.99% for 5+ builds, interest-only, with 2% origination. Interest is charged on drawn funds with most lenders, so early months cost less.
How long is the loan and how fast does it close?
12 to 18 months interest-only, extensions available for a fee. Closing runs 21 to 30 days in North Carolina once plans, budget and GC package are in, because the appraisal is done on the completed value.
Is Capital Kings a direct construction lender in North Carolina?
No. Capital Kings LLC is a broker. We match your North Carolina build with the construction lenders in our network that fit your experience tier and price it on one term sheet.
More in North Carolina
Other North Carolina loan programs
Learn More
North Carolina Investor Resources
How the loans are structured, what lenders check, and how to compare offers on a North Carolina deal.
Ready to fund your North Carolina deal?
Submit your scenario in under 3 minutes. We shop our 400+ lender network and send back a term sheet on your actual deal.
Capital Kings LLC is a non-QM mortgage brokerage. We are not a direct lender. We shop your scenario across a network of state-licensed direct lenders to find the best fit. Loans in North Carolina are originated by partner lenders licensed to lend in North Carolina. All loans subject to underwriting approval. Rates, terms, and program availability vary by lender and may change without notice. Hard money and DSCR loans are secured by real estate. Not for primary residences.