New Construction Loans in Alabama

Ground-up construction is one of the highest-margin plays in Alabama right now, especially in fast-growing Birmingham, Huntsville, Mobile submarkets. G Elite Capital's Alabama new construction loan funds up to 90% of land + 100% of vertical costs for spec builders and small developers — with a draw schedule tuned to actual Alabama permit timelines.

Why investors choose G Elite Capital for New Construction Loans in Alabama

• 90% of land acquisition + 100% of vertical construction
• Interest reserve rolled into the loan
• 1–4 unit spec builds and small townhome projects
• Draws funded in 24–48 hours after inspection
• Roll into a 30-year DSCR at CO if you decide to rent
• Experienced builder discounts on rate and fees

Alabama New Construction Loans — Program Terms

Loan Amount

$200K – $5M

LTC

Up to 90%

LTV (as-completed)

Up to 75%

Term

12 – 24 months

Rates From

10.49%

Experience

1+ prior build preferred

Cities we lend in across Alabama

Birmingham, Huntsville, Mobile, Montgomery, Tuscaloosa, and every other Alabama market.

Frequently asked questions

Do I need to be a licensed builder in Alabama?

No, but you must use a licensed general contractor for the vertical build. Alabama permit and inspection compliance is handled by the GC on record.

How are construction draws handled in Alabama?

We fund on a milestone draw schedule — typically 4–6 draws from foundation through CO. Each draw is released within 24–48 hours of a passing Alabama inspection.

Can I use this loan for a spec home in a Alabama suburb?

Yes — spec builds in Alabama suburban and exurban submarkets are our sweet spot. We look at absorption rates and comparable new-construction sales to size the loan.

What happens at Certificate of Occupancy?

You can list the home for sale, or roll into our 30-year DSCR loan at CO to hold as a long-term rental. Many Alabama builders now rent one out of every three spec homes.

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