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New Construction loans for Virginia builds.

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

Virginia market

Why Virginia works for investor lending.

Virginia combines Northern Virginia federal + data-center employment with Hampton Roads military demand and Richmond state-capital stability. Universities round out predictable long-term rental demand across the state.

NoVA federal + data centers

Northern Virginia hosts the deepest federal + defense-contractor employer base in the country outside DC itself, plus the world's largest data-center corridor (Loudoun County). Stable, high-income rental demand.

Hampton Roads military anchor

Norfolk Naval Base, Naval Station Norfolk, Langley AFB, and multiple military installations anchor deep military rental demand across Hampton Roads.

University anchors

Charlottesville (UVA), Blacksburg (Virginia Tech), and Williamsburg (William & Mary) provide stable university-anchored rental demand across the state.

Metros served

SLA Capital lends across every Virginia metro.

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

Northern Virginia

Fairfax + Loudoun + Prince William — DC-metro + data-center corridor

Richmond Metro

Henrico + Chesterfield counties — state capital

Hampton Roads

Virginia Beach, Norfolk, Chesapeake, Newport News — military-anchored

Charlottesville

Albemarle County — University of Virginia

Roanoke

Roanoke County — SW Virginia SFR

Blacksburg

Montgomery County — Virginia Tech market

Lynchburg & Fredericksburg

Central + Northern Virginia secondary markets

Everywhere else

Statewide coverage — send us any Virginia property

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

Virginia New Construction FAQ

Common questions about New Construction loans in Virginia.

Does SLA Capital lend on New Construction in Virginia?

Yes. SLA Capital funds New Construction loans throughout Virginia — Northern Virginia, Richmond Metro, Hampton Roads, Charlottesville, Roanoke, and every other VA metro. Rates from 10%, up to 85% land + 85% construction.

How much of the Virginia project does SLA finance?

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

Virginia combines Northern Virginia federal + data-center employment with Hampton Roads military demand and Richmond state-capital stability. Universities round out predictable long-term rental demand across the state.

Get started

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