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New Construction Loans · West Virginia

New Construction loans for West Virginia builds.

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

West Virginia market

Why West Virginia works for investor lending.

West Virginia delivers surprising investor value. Eastern Panhandle (Martinsburg) is a DC-metro commuter belt. Morgantown pairs WVU with Pittsburgh-metro adjacency. Statewide, WV offers some of the highest cash-flow yields in the country.

DC-metro Eastern Panhandle

Martinsburg and Charles Town (Jefferson County) have become active DC-metro commuter markets. Rental demand from federal workers seeking lower cost of living stays consistent.

Morgantown + WVU + Pittsburgh

Morgantown combines WVU + healthcare + Pittsburgh-metro adjacency. Rental demand from students, healthcare workers, and Pittsburgh commuters supports the market.

Affordable + high-yield

West Virginia acquisition basis stays among the lowest in the country relative to gross rents. Real cash-on-cash returns for portfolio investors focused on income.

Metros served

SLA Capital lends across every West Virginia metro.

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

Charleston

Kanawha County — state capital

Huntington

Cabell County — Ohio River + Marshall University

Morgantown

Monongalia County — WVU + Pittsburgh-adjacent

Wheeling

Ohio County — Northern Panhandle

Parkersburg

Wood County — Mid-Ohio Valley

Martinsburg

Berkeley County — DC-metro commuter belt (Eastern Panhandle)

Beckley

Raleigh County — Southern WV secondary

Everywhere else

Statewide coverage — send us any West Virginia property

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

West Virginia New Construction FAQ

Common questions about New Construction loans in West Virginia.

Does SLA Capital lend on New Construction in West Virginia?

Yes. SLA Capital funds New Construction loans throughout West Virginia — Charleston, Huntington, Morgantown, Wheeling, Parkersburg, and every other WV metro. Rates from 10%, up to 85% land + 85% construction.

How much of the West Virginia project does SLA finance?

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

West Virginia delivers surprising investor value. Eastern Panhandle (Martinsburg) is a DC-metro commuter belt. Morgantown pairs WVU with Pittsburgh-metro adjacency. Statewide, WV offers some of the highest cash-flow yields in the country.

Get started

Ready to size a West Virginia build?

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

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