Construction Loans Ground Up in Newton County Georgia
Build with confidence. CheapLOI.com provides fast, flexible ground-up construction loans for real estate investors in Newton County, Georgia, including Covington, Oxford, Porterdale, and surrounding areas. Fund land acquisition + construction + draws with a private lender committed to speed and certainty.
Why Investors Choose CheapLOI.com
Local Experts in Georgia Construction Financing:
CheapLOI.com has funded 1,000+ real estate development projects across Georgia, specializing in:
- Single-family build-to-sell
- Small multifamily (2–8 units)
- Townhomes & infill redevelopment lots
- Land + construction combo financing
We understand Newton County permitting, utility approvals, and inspection scheduling.
Our team helps you stay funded through every draw request.
PROGRAM OVERVIEW
Term | Details |
Loan Type | Ground-Up Construction Loan |
Location | Newton County, Georgia |
Loan Amount | $150,000 – $5,000,000+ |
LTC (Loan-to-Cost) | Up to 90% of total project cost |
ARV (After-Repair-Value) | Up to 70% |
Interest Rate | 9.50% – 12.99% (project-based) |
Draw Schedule | Fast draws, onsite inspections |
Credit Score | 620+ recommended (flexible on experience) |
Closing Timeline | 7–10 business days |
Experience Required? | Preferred, but not required |
Exit Strategy | Refinance (DSCR), sell, or bridge |
Why Builders & Investors Love Us
- Fast approvals and draw turnaround
- Materials & labor included in loan
- No tax returns, no income docs
- We fund when banks say “no”
“CheapLOI.com is trusted by investors from Atlanta to Savannah.”
Property Types Eligible
- Single-family new construction
- Small multifamily (2–8 units)
- Infill redevelopment lots
- Tear-downs & land + build
- Spec builds & investment homes
We fund both experienced builders and first-time investors with a GC partner.
How Funding Works
Submit Your Deal
Upload purchase contract, budget, comps, and exit strategy.
Receive Approval + Term Sheet
Transparent pricing, no junk fees, no surprises.
Close + Draw Funding
Construction draws wired directly after inspection.
Banks vs. Private Loans
Fast funding (as little as 7–10 days)
Higher leverage (up to 90% LTC / 70% ARV)
Draw reimbursement fast
Properties needing work accepted
No income docs / No tax returns
Local Market Insight
Newton County is a high-growth investor market driven by strong Atlanta spillover demand, affordable buildable lots, and the booming TV/film production activity centered around Covington. Investors are actively targeting areas like the Covington Town Square district, the Oxford College area, and the Porterdale mill redevelopment corridor. Newton County typically requires site plans and utility approvals before vertical construction can begin, and CheapLOI.com helps borrowers organize their scope of work, draw schedules, and contractor bid packages to streamline the process.
FAQs
Yes, we fund land + vertical construction under one loan.
Preferred but not required if working with a licensed GC.
Typically 7–10 days, depending on title & appraisal.
Draws are processed and wired after inspection—fast turnaround.
Ready to build in Newton County?
Submit your project. Get terms today. Break ground faster. Apply now for fast approval Or call: (800) 664-7505.