Construction Loans in Wisconsin
Flexible Construction Loans in Wisconsin for Every Project
At WDPF LLC, our construction loans in Wisconsin provide real estate investors with the capital required to build or renovate non-owner-occupied properties, including single-family homes, condos, and townhomes. These specialized construction loans in Wisconsin offer flexible financing options to cover both land acquisition and construction costs, ensuring your investment projects are completed on time and within budget. With interest rates starting as low as 10.25%, construction loans in Wisconsin empower you to turn blueprints into profitable assets.
Our construction loans in Wisconsin operate on a draw schedule, disbursing funds in installments as each project stage is completed. This approach ensures efficient use of capital while maintaining accountability throughout the construction process. For investors seeking streamlined approval, we also offer DSCR-based evaluations, where loan approval is determined by the property’s projected cash flow rather than personal income or tax returns. Whether you’re building from scratch or renovating existing properties in Wisconsin, our tailored construction loans in Wisconsin are designed to support your vision and success.
Building Your Vision with Tailored Financing
Land and Construction Coverage
Finance both land acquisition and building costs seamlessly with construction loans in Wisconsin.
Draw Schedule Funding
Receive funds in installments based on project milestones using construction loans in Wisconsin.
DSCR-Based Approval
Qualify for construction loans in Wisconsin based on property cash flow rather than personal income.
Competitive Rates
Enjoy interest rates starting as low as 10.25% for your projects with construction loans in Wisconsin.
We help resolve the complexities of real estate development and renovation in Wisconsin. Our construction loans in Wisconsin provide flexible financing options that cater to your unique needs, whether building new properties or enhancing existing ones. Combining competitive rates, DSCR-based approval processes, and efficient draw schedules ensures that your projects remain financially secure from start to finish.
Frequently Asked Questions
Understanding Construction Financing in the Badger State
Construction loans in Wisconsin are specifically designed to finance the building of new homes or the renovation of existing properties. For a new build, the process typically involves securing a construction loan after you have finalized your building plans and acquired the necessary permits. Funds are disbursed in stages, called “draws” as construction milestones are completed, such as foundation, framing, and finishing. During the construction phase, you usually make interest-only payments. Once construction is complete, the loan is typically converted into a permanent mortgage based on the final appraised value of the property.
A wide range of lenders offer construction loans in Wisconsin, including local banks, credit unions (such as UW Credit Union and Paper City Savings Bank), and specialized online lenders. These institutions provide tailored construction loan products for both residential and commercial projects, each with their own terms, rates, and eligibility criteria.
In Wisconsin, you can access several types of construction loans:
- Stand-Alone Construction Loans: Used when you do not have an existing mortgage and only need financing for the construction phase.
- Construction-to-Permanent Loans: These combine the construction loan and permanent mortgage into a single loan, simplifying the process after construction is complete.
- Renovation Loans: Designed for major renovations or additions to existing properties.
- Lot Loans: Used to finance the purchase of land before construction begins.
It is uncommon to secure a construction loan in Wisconsin with no money down. Most lenders require a down payment, typically ranging from 10% to 30% of the total project cost, depending on the lender and your credit profile. Some lenders may offer higher loan-to-cost ratios (up to 90%), but a down payment is usually required to demonstrate your commitment to the project and reduce the lender’s risk.
Construction Loans in Wisconsin
Fund new builds or renovations with ease and control.