Ground-up construction loans for builders and investors developing new properties in Iowa. 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.
Iowa is a strong cash-flow Midwest market. Des Moines anchors on insurance + fintech employment. University demand (Iowa City, Ames) adds stability. Secondary markets deliver high cash-on-cash yields for portfolio investors.
Des Moines is one of the largest insurance hubs in the US and hosts a growing fintech sector (Principal, Wells Fargo campus, EMC Insurance). Stable employment drives rental demand.
Iowa secondary markets offer some of the highest cash-on-cash yields in the Midwest — attractive for portfolio investors focused on income.
Iowa City (U of Iowa + hospital system) and Ames (Iowa State) provide stable, university-anchored rental demand.
Whether you're closing a single-asset SFR in a smaller Iowa market or a portfolio in a major metro, we're active statewide. High-volume markets we regularly close in include:
Polk + Dallas counties — insurance + fintech hub
Linn County — Eastern Iowa
Scott County — cross-river metro
Johnson County — University of Iowa + hospital demand
Story County — Iowa State University
Woodbury County — Western Iowa
Black Hawk County — Northeast Iowa
Statewide coverage — send us any Iowa 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 Iowa. Same clean underwriting from starter builds up to $7.5M.
Yes. SLA Capital funds New Construction loans throughout Iowa — Des Moines Metro, Cedar Rapids, Davenport & Quad Cities (IA side), Iowa City, Ames, and every other IA 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 Iowa. 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.
Iowa is a strong cash-flow Midwest market. Des Moines anchors on insurance + fintech employment. University demand (Iowa City, Ames) adds stability. Secondary markets deliver high cash-on-cash yields for portfolio investors.
Send us the property. Our sizer returns a real term sheet in minutes.
Long-term rental financing for Iowa investors. Rates from 5.75%, up to 80% LTV, 3-month seasoning on cash-outs.
Short-term purchase + rehab financing across every Iowa metro. Rates 9.5–12%. Up to 100% LTC for premier borrowers.