Ground-up construction and renovation financing with draw schedules, builder-friendly underwriting, and local expertise.
A construction loan is short-term financing that funds the building or major renovation of a property. Unlike a traditional mortgage where the full loan amount is disbursed at closing, construction loans release funds incrementally through a draw schedule as building milestones are completed. You pay interest only on the amount drawn, keeping carrying costs manageable during the build phase.
Montana's construction market presents unique opportunities for builders and developers. From spec homes in growing communities like Bozeman, Helena, and Kalispell to commercial builds in underserved markets, construction financing allows you to break ground without tying up all your capital upfront.
Renegade Capital provides construction loans for business-purpose projects across Montana. We work directly with builders, developers, and investors who need a lender that understands construction timelines, cost overrun management, and Montana's building environment — including our short building season and rural site considerations.
Whether you are building from scratch or completing a major renovation, we structure construction loans with draw schedules that match your project timeline and budget.
We work directly with builders and general contractors. Our draw process is straightforward — submit completed work, get inspected, receive funds within days.
Avoid the cost and complexity of two separate closings. Our construction-to-permanent option rolls the build loan into longer-term financing upon project completion.
We understand Montana construction costs, timelines, and seasonal considerations. Our underwriting reflects real-world Montana building conditions, not national averages.
Construction loans require more documentation than standard bridge financing. General requirements include:
Provide your construction plans, detailed budget, project timeline, and contractor information.
We review the project feasibility, order an as-completed appraisal, and issue a term sheet.
Initial funds are disbursed at closing for land acquisition and site preparation.
Submit draw requests at each milestone. We inspect and release funds to keep your project moving.
Construction funds are disbursed in stages as work is completed. Typically, draws align with major milestones: foundation, framing, rough-in (electrical/plumbing/HVAC), insulation/drywall, and final finishes. You or your contractor submits a draw request, we conduct an inspection or review documentation, and funds are released — usually within 3 to 5 business days.
Not necessarily. We can finance both the land acquisition and the construction in a single loan. If you already own the land free and clear, it can serve as equity in the deal, potentially reducing the cash you need to bring to closing. Land with an existing lien may also qualify depending on the overall loan-to-value.
We build contingency into every construction loan — typically 5% to 10% of the total budget. If costs exceed the contingency, we can discuss a loan modification or additional funding on a case-by-case basis. For timeline overruns, extension options are available (usually 3 to 6 months) with an extension fee. Communication during the build process is key.
Owner-builders can qualify, but we require demonstrated construction experience, a detailed project plan, and typically a lower loan-to-value ratio (55-60% of completed value). If you are using a licensed general contractor, the process is more straightforward and higher leverage may be available.
We finance spec homes, custom investment properties, multi-family construction, commercial buildings, mixed-use developments, and major renovations that require a construction draw schedule. All projects must be business-purpose — we do not finance owner-occupied primary residence construction.
Send us your project plans and budget. We will evaluate the deal and provide a term sheet so you can break ground with confidence.