Recently Funded Ground-Up Construction Loan In Moneta, Virginia
Loan Scenario:
A seasoned builder with ten verified ground-up projects to their name partnered with American Heritage Lending to acquire and construct a high-end home in Moneta, Virginia. The deal combined a $480,000 land purchase with a substantial $1,219,296 construction budget, all underwritten to an ambitious $2,250,000 after-construction value. We financed it with a $1,529,366 construction loan — a True Zero Point, 12-month interest-only facility built at 90% loan-to-cost and a comfortable 67.97% loan-to-after-repair-value, giving this professional the leverage and runway to execute a complex build. The scope reflects a top-to-bottom custom home, from excavation, foundation, and framing through masonry, roofing, HVAC, custom cabinetry, and high-end finishes.
Moneta sits on the shores of Smith Mountain Lake, one of Virginia’s premier lakefront destinations and a magnet for buyers seeking custom and second homes in a scenic Blue Ridge setting. Demand for well-built luxury homes here remains strong, supported by the lake’s year-round appeal and a limited inventory of new construction. For an experienced investor with a proven ground-up track record, this project plays directly to their strengths in Virginia — and our financing gave them the capital structure to bring it to life.
Similar Recently Funded Case Studies: Ground-Up Construction Loan in Henrico, VA • Ground-Up Construction Loan in Dallas, TX • Ground-Up Construction Loan in Chatsworth, CA
Key Deal Points
| Address | Moneta, VA |
| Loan Type | Ground Up Construction – Purchase |
| Borrower Profile | Professional |
| Property Type | Detached PUD |
| Land Price | $480,000 |
| Construction Budget | $1,219,296 |
| After Construction Value | $2,250,000 |
| Loan Amount | $1,529,366 |
| LTC | 90.00% |
| LTARV | 67.97% |
| Term | 12-Month Interest-Only |
| Loan Structure | True Zero Point Loan |
Additional Images
