Ground-up construction loans for Santa Barbara spec builders and developers.
USA Mortgage funds ground-up construction for Santa Barbara County spec builders and developers, up to 70% LTV and 85% of cost, with draws that keep pace with your build schedule and terms from 12 to 24 months. A lot inside the city's Coastal Overlay Zone needs its own Coastal Development Permit under Title 28, a separate track from the inland code. City lots also face a Growth Management Program ceiling of 1,000 square feet on new nonresidential floor area, with design review required above that. We lend business-purpose capital only, to LLCs and companies building non-owner-occupied property, subject to underwriting.
Typical figures, subject to underwriting and market conditions. Not a commitment to lend.
We finance both the land and the vertical construction, with a draw schedule built around your timeline. Experienced builders can access higher leverage on cost.
*Typical terms, subject to underwriting and market conditions.
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Local rules move. Every tax rate, fee, ordinance and market figure here comes from a primary source and carries the date we read it, and we correct them as the rules change. Where a number is mid-change or we could not verify it, we say so rather than guess. Before you commit a budget, confirm anything that drives it with the city or county, and talk to your attorney or CPA on questions of law or tax.
Published by USA Mortgage Funding, LLC, NMLS #152588. Researched from primary sources by our team, drafted with AI assistance, and every figure checked against its source before publishing. Where an answer rests on a public record, that record is linked under it. Figures read on 2026-09-04.
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