Loan Program

Construction Loans in Jackson Hole, WY

Funding for new construction and major renovation projects throughout Jackson Hole, Wilson, Teton Village, and the greater Teton County region.

Request Funding Call 307-313-5330

Construction loans provide financing for ground-up construction of residential or commercial properties. These loans cover land acquisition (if not already owned), hard costs, soft costs, and contingency reserves. Funds are disbursed in draws as construction milestones are completed and verified. Building in Jackson Hole requires experienced contractors, quality materials suited to mountain environments, and reliable financing that understands construction timelines.

Jackson Hole's construction market presents unique considerations. The building season is compressed, snow and cold limit certain work to warmer months. Material delivery to remote locations can add complexity. Local contractors understand these challenges, and our construction lending team works with builders who have proven track records in the region. We provide the capital and draw administration necessary to complete your project successfully, whether you're building a custom mountain home, a small multifamily development, or a commercial project.

Construction Lending Expertise for Mountain Projects

Our experienced construction lending team manages draw disbursements, inspects work progress, and ensures funds are released appropriately. We work with you and your contractor to keep your project on schedule and on budget. We understand the nuances of construction in Jackson Hole, from foundation work in variable soils to the premium finishes that luxury buyers expect. Our draw process is efficient, with inspections typically completed within 24-48 hours of request.

Comprehensive Construction Financing

Construction loans from Hard Money Loans of Jackson Hole cover the full scope of your project. Land acquisition can be included if you don't already own the lot. Hard costs, materials, labor, and direct construction expenses, are funded through the draw process. Soft costs including permits, architectural fees, and engineering are typically included. We also build contingency reserves into the loan to address unexpected conditions, which are common in mountain construction. Interest-only payments during construction minimize carrying costs while your project takes shape.

Construction Loan Features

Our construction program offers competitive terms for Jackson Hole area projects:

Loan Amounts: $250,000 to $10,000,000 for residential and commercial construction
Interest Rates: 10.9% to 13.9% based on project type and timeline
Terms: 6 to 24 months with extensions available for weather or other delays
Construction Cost Coverage: Up to 80% of construction costs
Land Value: Up to 65% if land is owned
Payments: Interest-only during construction
Draw Administration: Professional inspection and release process

Construction Loan Benefits

Build your vision with construction financing designed for Jackson Hole:

Build custom homes, commercial buildings, or small multifamily developments
Draw-based funding controls costs, pay for work as it completes
Interest-only payments reduce carrying costs during construction
Experienced construction lending team familiar with mountain building
Seamless transition to permanent financing upon completion
Professional draw administration with prompt inspections
Contingency reserves for unexpected conditions

The Construction Draw Process

Construction funds are disbursed in draws tied to project milestones. You and your contractor establish a draw schedule during loan setup, typically aligned with major construction phases (foundation, framing, mechanicals, etc.). When a phase completes, you request a draw inspection. We verify work completion and quality, then release funds, usually within 24 hours of inspection approval. This process protects both parties while ensuring adequate capital flows to keep your project moving. We work with contractors throughout Jackson Hole, Wilson, Teton Village, and surrounding areas who understand our process.

Construction Projects We Finance

We finance a wide range of construction projects. Custom single-family homes, from mountain retreats to town square residences, are a core product. Small multifamily developments (2-4 units) qualify for our construction programs. Commercial construction including office, retail, and mixed-use is supported. We also finance major renovations that approach ground-up scope, such as substantial additions or complete rebuilds. Land development projects that include construction exit strategies can be structured. Each project type has specific requirements; our team can discuss your project.

Frequently Asked Questions

How does the construction draw process work?

Funds are held in a construction escrow and released in draws as work completes. You request an inspection when a milestone is done; we typically inspect within 24-48 hours. Upon verification, funds release promptly, usually within 24 hours. The draw schedule is established at loan closing based on your construction timeline and budget.

Do I need construction experience to qualify?

We prefer borrowers or general contractors with construction experience, particularly for complex projects. For custom homes, we often work with owner-builders who have engaged a licensed contractor. First-time builders may need to demonstrate strong contractor relationships and realistic project plans. We evaluate each project on its merits.

What if construction takes longer than planned?

Construction timelines often extend due to weather, permit delays, or unexpected conditions. We build flexibility into our loans and can typically extend terms for qualified projects. Interest reserves can be structured to cover extended timelines. We understand that mountain construction in Jackson Hole involves variables beyond your control.

Can I include land acquisition in the construction loan?

Yes. If you don't already own the lot, we can include land acquisition in the construction loan. Land value is typically financed at up to 65% LTV, while construction costs can be funded at up to 80%. We'll structure the loan to cover your full project scope.

What areas do you finance construction projects?

We finance construction throughout Jackson Hole, Wilson, Hoback Junction, Kelly, Moose, Teton Village, Dubois, Moran, Bondurant, Pinedale, Alpine, Afton, Victor ID, and surrounding areas in Wyoming and Idaho.

Loan Features

Loan amounts from $250,000 to $10,000,000

Interest rates from 10.9% to 13.9%

6 to 24-month terms with extensions available

Up to 80% of construction costs

Interest-only during construction

Professional draw administration

Benefits

Build custom homes or commercial buildings

Draw-based funding controls costs

Interest-only payments reduce carrying costs

Experienced construction lending team

Seamless transition to permanent financing