Ground-up construction loans for builders and investors developing new properties in Michigan. 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.
Michigan pairs Detroit metro EV/auto comeback with Grand Rapids growth and Ann Arbor / East Lansing university stability. Detroit and Flint offer some of the highest cash-flow SFR yields in the country for portfolio investors.
The Detroit metro has been rebuilding around EV manufacturing (Ford, GM, Stellantis), tech, and financial services (Rocket, Dan Gilbert investments). Rental demand across the metro has strengthened.
Grand Rapids has been one of the fastest-growing Midwest metros over the past decade, with medical, education, and manufacturing employers anchoring long-term demand.
Ann Arbor (Michigan) and East Lansing (MSU) provide premium university-anchored demand. Detroit and Flint offer some of the highest cash-flow yields in the Midwest.
Whether you're closing a single-asset SFR in a smaller Michigan market or a portfolio in a major metro, we're active statewide. High-volume markets we regularly close in include:
Wayne + Oakland + Macomb counties — SFR + urban
Kent County — West Michigan growth market
Washtenaw County — University of Michigan + tech
State capital + Michigan State University
Kalamazoo County — WMU + pharma (Pfizer) demand
Genesee County — high-yield SFR
Resort STR corridors (zoning-dependent)
Statewide coverage — send us any Michigan 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 Michigan. Same clean underwriting from starter builds up to $7.5M.
Yes. SLA Capital funds New Construction loans throughout Michigan — Detroit Metro, Grand Rapids, Ann Arbor, Lansing & East Lansing, Kalamazoo, and every other MI 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 Michigan. 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.
Michigan pairs Detroit metro EV/auto comeback with Grand Rapids growth and Ann Arbor / East Lansing university stability. Detroit and Flint offer some of the highest cash-flow SFR yields in the country for portfolio investors.
Send us the property. Our sizer returns a real term sheet in minutes.
Long-term rental financing for Michigan investors. Rates from 5.75%, up to 80% LTV, 3-month seasoning on cash-outs.
Short-term purchase + rehab financing across every Michigan metro. Rates 9.5–12%. Up to 100% LTC for premier borrowers.