Phoenix New-Construction Loans | Ironvale Hard Money

New-construction loans for Phoenix infill

The Valley keeps growing, and builders often can't wait around for a bank. Our partners fund projects all the way from buying the lot through to the certificate of occupancy, whether that's an infill home in the central corridor or a small build in the newer suburbs.

Funding: Milestone draws

Credit minimum: None

Project types: Single homes to small multifamily

This program fits if you…

You're tearing down or replacing a structure on an infill lot in the Valley

You want to add a casita or ADU behind an existing investment property

You're building a small multi-unit project that banks consider too small or too fast-moving

You have a contractor, plans and a realistic schedule, and need funding that follows milestones

What gets built around here

Most of the construction inquiries we see are infill: a teardown replaced by a new single-family home, a casita behind an existing rental, or a small multi-unit building on an infill lot. Phoenix allowed accessory dwelling units citywide in 2023, which opened up thousands of residential lots to a second unit. Further out, the growth corridors in the West Valley and Pinal County keep producing pad-ready lots for builders who can move quickly.

Planning realities in the Valley

Permit review. New construction in Phoenix runs through the Planning and Development Department, and each Valley city has its own process and queue. Lenders will ask where you are in it.
Heat and scheduling. Concrete pours, roofing and exterior finishes all work around the summer heat. Crews start early and stop early, and monsoon season can cost you days. Build the calendar into the schedule you show the lender.
Soils and foundations. Parts of the Valley have expansive clay soils that call for specific foundation design. A soils report is a normal soft cost, not a red flag.
Utilities. Water, sewer and electrical service upgrades are easy to underestimate on infill and multi-unit sites, especially on older central-city lots.

What a fundable file looks like

Your file should show plans and permit status, a line-item budget with a contingency built in, your general contractor's history, a schedule that survives contact with summer, and the exit: selling the finished units, or refinancing into a DSCR rental loan if you're keeping them. Want to lock the lot before construction funding is ready? Ask about a bridge loan for the land.

Fixing up an existing house instead? See fix-and-flip loans.

Frequently asked questions

Do permits need to be approved before I apply?

You can open the conversation before permits are in hand, but most lenders want issued permits, or a visible path to them, before construction dollars start moving. Some will fund the lot purchase in the meantime.

How does the money actually get released?

Through draws tied to milestones: foundation, framing, dry-in and so on. An inspector signs off before each release, so budget the cash it takes to reach the first one.

Will lenders finance casitas and ADUs?

Several partners fund accessory dwelling units on investment properties, either on their own or alongside a renovation of the main house. Requirements vary by lender.

How much experience is expected?

More than a cosmetic flip calls for. A first-time builder can still put together a fundable file with an experienced general contractor, a line-item budget and extra equity in the deal.

Tell us about the project