Ground-up construction is one of the highest-margin plays in North Carolina right now, especially in fast-growing Charlotte, Raleigh, Durham submarkets. G Elite Capital's North Carolina 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 North Carolina permit timelines.
Charlotte, Raleigh, Durham, Greensboro, Winston-Salem, Wilmington, and every other North Carolina market.
No, but you must use a licensed general contractor for the vertical build. North Carolina permit and inspection compliance is handled by the GC on record.
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 North Carolina inspection.
Yes — spec builds in North Carolina suburban and exurban submarkets are our sweet spot. We look at absorption rates and comparable new-construction sales to size the loan.
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 North Carolina builders now rent one out of every three spec homes.