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New Construction loans for Kentucky builds.

Ground-up construction loans for builders and investors developing new properties in Kentucky. 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.

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SLA Capital — a Sir Lends A Lot LLC Company

What is a new construction loan?

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.

Kentucky market

Why Kentucky works for investor lending.

Louisville logistics anchor (UPS Worldport + Ford) drives steady rental demand. Lexington adds horse-country + UK + healthcare. Acquisition basis stays affordable relative to gross rents, and non-judicial foreclosure keeps holds projectable.

Louisville logistics anchor

Louisville hosts UPS Worldport (the world's largest air-freight hub) and multiple Ford truck plants. That anchors long-term employment and steady rental demand across the metro.

Lexington & UK

Lexington combines horse-country + University of Kentucky + a growing tech and healthcare base. Rental demand stays deep and predictable.

Affordable, projectable holds

Kentucky acquisition basis stays affordable relative to gross rents. Non-judicial foreclosure and standard eviction timelines keep holds projectable.

Metros served

SLA Capital lends across every Kentucky metro.

Whether you're closing a single-asset SFR in a smaller Kentucky market or a portfolio in a major metro, we're active statewide. High-volume markets we regularly close in include:

Louisville Metro

Jefferson County + St. Matthews, Middletown, PRP, Jeffersontown

Lexington

Fayette County — UK + horse-country market

Bowling Green

Warren County — WKU + Corvette / GM plant demand

Northern Kentucky

Covington, Newport, Florence — Cincinnati metro adjacencies

Owensboro

Daviess County — Ohio River SFR market

Elizabethtown

Hardin County — Fort Knox demand + Louisville-adjacent

Richmond & Georgetown

Lexington-adjacent Toyota + college markets

Everywhere else

Statewide coverage — send us any Kentucky property

Kentucky New Construction terms.

Same nationwide program, no state-specific surcharges.

Pricing

Rates from 10%

Up-front pricing on every loan. The rate you're quoted is the rate you close at — no surprises at the closing table.

Leverage

85% land / 85% build

Up to 85% of the land purchase price plus 85% of construction costs. High leverage that keeps your capital deployable.

Interest

Non-Dutch interest

Pay interest only on the funds you've actually drawn, not on the undrawn balance. Keeps carrying costs down during early build phases.

Term

18 or 24 months

Choose the term that fits your build schedule. Straightforward extensions available on active projects.

Approval

Unpermitted land OK

Land does not need to be permitted or warranted before loan approval. Get under contract and permit in parallel.

Size

$100K to $7.5M

From single infill lots to multi-unit projects across Kentucky. Same clean underwriting from starter builds up to $7.5M.

Kentucky New Construction FAQ

Common questions about New Construction loans in Kentucky.

Does SLA Capital lend on New Construction in Kentucky?

Yes. SLA Capital funds New Construction loans throughout Kentucky — Louisville Metro, Lexington, Bowling Green, Northern Kentucky, Owensboro, and every other KY metro. Rates from 10%, up to 85% land + 85% construction.

How much of the Kentucky project does SLA finance?

SLA Capital finances up to 85% of the land purchase plus 85% of construction costs in Kentucky. Loans range from $100,000 to $7,500,000.

Does the land need to be permitted to qualify?

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.

How is interest calculated on the loan?

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.

Is Kentucky a good state for ground-up builders?

Louisville logistics anchor (UPS Worldport + Ford) drives steady rental demand. Lexington adds horse-country + UK + healthcare. Acquisition basis stays affordable relative to gross rents, and non-judicial foreclosure keeps holds projectable.

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