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New Construction Loans · South Carolina

New Construction loans for South Carolina builds.

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

South Carolina market

Why South Carolina works for investor lending.

SC is one of the top-inflow states in the country. Greenville is a major manufacturing hub (BMW/Michelin) driving stable employment. Charleston combines port-city commercial activity with a strong coastal STR market. Landlord-friendly law rounds it out.

Sustained migration inflow

South Carolina has ranked among the top US states for net migration for years. That inflow shows up as sustained rental demand across every major metro.

Greenville manufacturing anchor

BMW's largest global plant, Michelin's North American HQ, and a deep automotive supply chain anchor Upstate SC's rental demand around Greenville and Spartanburg.

Coastal STR opportunity

Myrtle Beach, Hilton Head, Folly Beach, and Charleston's beach corridors host active short-term rental markets — SLA's DSCR program supports STR income where local zoning permits.

Metros served

SLA Capital lends across every South Carolina metro.

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

Charleston

Charleston County — plus Mount Pleasant, North Charleston, Summerville

Columbia

Richland + Lexington counties — capital + Fort Jackson demand

Greenville

Upstate SC — BMW/Michelin manufacturing hub

Spartanburg

Upstate — Inland Port + logistics anchor

Myrtle Beach

Horry County — coastal LTR + STR corridor

Rock Hill

York County — Charlotte-adjacent commuter market

Hilton Head & Bluffton

Beaufort County — premium coastal STR + LTR

Everywhere else

Statewide coverage — send us any South Carolina property

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

South Carolina New Construction FAQ

Common questions about New Construction loans in South Carolina.

Does SLA Capital lend on New Construction in South Carolina?

Yes. SLA Capital funds New Construction loans throughout South Carolina — Charleston, Columbia, Greenville, Spartanburg, Myrtle Beach, and every other SC metro. Rates from 10%, up to 85% land + 85% construction.

How much of the South Carolina project does SLA finance?

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

SC is one of the top-inflow states in the country. Greenville is a major manufacturing hub (BMW/Michelin) driving stable employment. Charleston combines port-city commercial activity with a strong coastal STR market. Landlord-friendly law rounds it out.

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Send us the property. Our sizer returns a real term sheet in minutes.

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