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New Construction loans for Ohio builds.

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

Ohio market

Why Ohio works for investor lending.

Ohio is one of the strongest cash-flow rental markets in the country. Affordable acquisition basis relative to gross rents drives real cash-on-cash yields across Columbus, Cleveland, Cincinnati, and Dayton. Predictable eviction timelines keep holds projectable.

Affordable acquisition basis

Columbus, Cleveland, Cincinnati, and Dayton all offer entry price-points well below coastal metros. That gap is where real cash-on-cash yields live for buy-and-hold investors.

Intel + Columbus growth

Intel's multi-billion-dollar semiconductor investment in Licking County is anchoring long-term employment growth around Columbus. Rental demand in the metro and its northeast suburbs has strengthened accordingly.

Predictable holding costs

Ohio's eviction process is straightforward and timelines run predictably. That matters when you're modeling cash flow on a rental hold across multiple properties.

Metros served

SLA Capital lends across every Ohio metro.

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

Columbus

Franklin County — New Albany, Pataskala, Dublin, Westerville (Intel corridor)

Cleveland

Cuyahoga County — Lakewood, Parma, Cleveland Heights, Shaker Heights

Cincinnati

Hamilton County — plus Northern Kentucky adjacencies

Dayton

Montgomery County — Wright-Patterson demand

Akron

Summit County — SFR + small-multi

Toledo

Lucas County — high-yield Midwest cash-flow

Youngstown & Canton

Mahoning + Stark counties — yield-heavy secondary markets

Everywhere else

Statewide coverage — send us any Ohio property

Ohio 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 Ohio. Same clean underwriting from starter builds up to $7.5M.

Ohio New Construction FAQ

Common questions about New Construction loans in Ohio.

Does SLA Capital lend on New Construction in Ohio?

Yes. SLA Capital funds New Construction loans throughout Ohio — Columbus, Cleveland, Cincinnati, Dayton, Akron, and every other OH metro. Rates from 10%, up to 85% land + 85% construction.

How much of the Ohio project does SLA finance?

SLA Capital finances up to 85% of the land purchase plus 85% of construction costs in Ohio. 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 Ohio a good state for ground-up builders?

Ohio is one of the strongest cash-flow rental markets in the country. Affordable acquisition basis relative to gross rents drives real cash-on-cash yields across Columbus, Cleveland, Cincinnati, and Dayton. Predictable eviction timelines keep holds projectable.

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