Fast Close Construction Loans for Experienced Builders
In the premium new construction markets where experienced builders operate, the difference between closing in two weeks and closing in two months is not just a matter of convenience. It is often the difference between owning a deal and losing it to someone with faster capital. Mayflower Venture Partners is a direct private lender that closes construction loans in 10 to 14 business days. We issue term sheets within 24 hours of receiving your deal. And we fund construction draws within 48 hours once your project is underway. If you need a fast close construction loan for a $1 million plus new construction project, you are in the right place.
Why Speed Matters More Than Most Builders Realize
Speed in construction financing operates on two distinct timelines, and both matter enormously to your bottom line.
The first is closing speed. Premium land markets are competitive. Sellers of desirable teardown lots, infill parcels, and development-ready land in markets like Newton, Lexington, Weston, Greenwich, Darien, or Hinsdale receive multiple expressions of interest. They choose buyers based on price, certainty, and the credibility of the financing. A buyer who can close in two weeks is a fundamentally different proposition than one who needs 60 days. The best lots go to builders who can move. Period.
The second is draw speed. Once your project is underway, every day between submitting a draw request and receiving funds is a day your contractors may be waiting to get paid. In a tight labor market where your best subcontractors have other projects they could be working on, payment delays create real risk. A framing crew that does not get paid on schedule has every incentive to redirect their availability to a different job. Getting them back costs time, money, and often means renegotiating your schedule entirely. Fast draws are not a nice-to-have. They are a core part of managing a construction project effectively.
How We Close in 10 to 14 Business Days
The reason most construction loans take 45 to 90 days to close is not that the underwriting is inherently complex. It is that conventional lenders have built processes full of unnecessary steps, committee reviews, and bureaucratic checkpoints that add time without adding value. We have eliminated all of those.
When you bring us a deal, one person reviews it. That person has the authority to issue a term sheet and make the lending decision. There is no committee. There is no second review. There is no underwriting department that needs three weeks to process your application. We look at the land, the budget, the market, and your track record. If the deal makes sense, we say yes and we say it fast.
From term sheet to closing, our team works in parallel on title, appraisal, and closing documentation rather than sequentially. We have established relationships with title companies and closing attorneys who know how to move at our pace. Our closing counsel at Sinc Law handles transactions regularly with our team and knows exactly what needs to happen and in what sequence to hit a two-week close.
The result is a closing timeline that is genuinely 10 to 14 business days for borrowers who are prepared and responsive. We cannot control everything, but we control our side of the process completely and we execute it without delays.
The Market Rewards Builders Who Can Move
We are operating in an environment where uncertainty has become the norm. Markets shift. Rates move. The news cycle produces new variables every week that make planning feel difficult. In that environment, the builders who are winning are not the ones who wait for certainty. They are the ones who have the capital infrastructure to act decisively when the right opportunity surfaces.
A fast close construction loan from a direct private lender is part of that infrastructure. It means that when the right lot becomes available, you are not sitting on the sidelines waiting for your bank to finish their underwriting. You are making an offer, getting it accepted, and starting the permit process while everyone else is still assembling their financing package.
Our Fast Close Construction Loan Program
Loan amounts from $500,000 to $5,000,000. Up to 75% of land acquisition cost. Up to 100% of construction budget. Loan terms of 12 months. Interest only monthly payments on the amount disbursed. Construction draws processed in 48 hours. Closings in 10 to 14 business days from term sheet. No prepayment penalty. Direct lender, not a broker.
Markets We Serve
We close fast construction loans throughout Massachusetts, Connecticut, Rhode Island, New Hampshire, and Maine. We also lend selectively in premium markets outside New England.
Ready to Close Fast on Your Next Construction Loan?
Apply now, email us at lo***@*******er.com, or call 617-553-6781. Term sheets in 24 hours.