Ground-up construction loans for builders and investors developing new properties in Delaware. Finance up to 85% of your land purchase and 85% of construction costs on a single loan. Rates from 10%, non-Dutch interest, and land doesn't need to be permitted to qualify. Loans $100K to $7.5M.
SLA Capital — a Sir Lends A Lot LLC Company
A new construction loan is short-term financing for building a property from the ground up. It typically covers land acquisition, vertical construction, and an interest reserve on a single loan, with construction funds disbursed via draws as the build progresses through inspection milestones. Once construction is complete, the loan is paid off through a sale of the finished property or refinanced into long-term financing.
Delaware is a compact but dense investor market. Wilmington banking + Philly-metro commuter demand drives premium rentals. Rehoboth Beach and the Sussex County coast add STR opportunity. Consistent rental demand across the state.
Wilmington hosts a deep banking, financial services, and corporate legal ecosystem (Delaware's business-friendly corporate law drives concentration of Chancery Court cases and Fortune 500 registrations).
Rehoboth Beach, Lewes, Bethany Beach, and the Sussex County coastal corridor host active short-term rental markets. Our DSCR program supports STR income where zoning permits.
Northern Delaware is effectively a Philadelphia commuter belt. Rental demand from Philly-metro workers stays consistent across Wilmington and its suburbs.
Whether you're closing a single-asset SFR in a smaller Delaware market or a portfolio in a major metro, we're active statewide. High-volume markets we regularly close in include:
New Castle County — banking + Philly-metro adjacencies
Kent County — state capital + Dover AFB demand
New Castle County — University of Delaware market
New Castle County — fast-growing Wilmington-adjacent
Sussex County — coastal LTR + STR corridor
Sussex County — secondary markets
SFR corridor between Wilmington and Dover
Statewide coverage — send us any Delaware property
Same nationwide program, no state-specific surcharges.
Up-front pricing on every loan. The rate you're quoted is the rate you close at — no surprises at the closing table.
Up to 85% of the land purchase price plus 85% of construction costs. High leverage that keeps your capital deployable.
Pay interest only on the funds you've actually drawn, not on the undrawn balance. Keeps carrying costs down during early build phases.
Choose the term that fits your build schedule. Straightforward extensions available on active projects.
Land does not need to be permitted or warranted before loan approval. Get under contract and permit in parallel.
From single infill lots to multi-unit projects across Delaware. Same clean underwriting from starter builds up to $7.5M.
Yes. SLA Capital funds New Construction loans throughout Delaware — Wilmington, Dover, Newark, Middletown, Rehoboth Beach, and every other DE metro. Rates from 10%, up to 85% land + 85% construction.
SLA Capital finances up to 85% of the land purchase plus 85% of construction costs in Delaware. Loans range from $100,000 to $7,500,000.
No. SLA Capital does not require the land to be permitted or warranted before loan approval. Get under contract and start underwriting in parallel with permitting.
Non-Dutch interest — borrowers pay interest only on funds that have been drawn, not on the undrawn balance. This keeps carrying costs down during early build phases when most of the loan hasn't been disbursed yet.
Delaware is a compact but dense investor market. Wilmington banking + Philly-metro commuter demand drives premium rentals. Rehoboth Beach and the Sussex County coast add STR opportunity. Consistent rental demand across the state.
Send us the property. Our sizer returns a real term sheet in minutes.
Long-term rental financing for Delaware investors. Rates from 5.75%, up to 80% LTV, 3-month seasoning on cash-outs.
Short-term purchase + rehab financing across every Delaware metro. Rates 9.5–12%. Up to 100% LTC for premier borrowers.