Avila provides entitled land, acquisition and development (A&D), finished lot and vertical construction loans for single-family residential projects. We offer both recourse and non-recourse loan options.

Loan types:
·  Entitled land loans
·  Acquisition and development (A&D) loans
·   Finished lot loans
·   Vertical construction loans

We lend on detached and attached single-family homes, including townhomes. Loans can fund a single project, a subdivision or a master-planned community.

Avila does not finance condominiums, apartments or commercial real estate, such as office, hotel or industrial properties.

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Avila offers up to 100% loan-to-cost on vertical construction, up to 85% loan-to-cost on finished lots, and up to 80% to 85% loan-to-cost on acquisition and development (A&D). Final advance rates depend on underwriting.
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Our A&D loans require the lots to be pre-sold to a qualified homebuilder.

Loan-to-cost is the loan amount divided by total project cost. Loan-to-value is the loan amount divided by the appraised value of the property.

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Avila lends on projects built by established homebuilders with at least 5 years in business and at least 50 home closings per year. This applies in two ways:

‍Vertical construction loans: We lend directly to homebuilders that meet these requirements.

‍Land development loans: Avila approves acquisition and development (A&D) loans for land developers that have a track record for selling lots to established production homebuilders.

We look for homebuilders that:
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·  Have been in business for at least 5 years, or have owners with at least 15 years of homebuilding experience
·  Close at least 50 homes per year.
·  Have a documented track record of past project performance
·  Build across multiple communities within a marketCan provide regular financial and project reporting


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Avila provides loans starting at $10M. Most of our loans are in the tens of millions of dollars, and we have funded individual projects in the hundreds of millions of dollars.

For a first-time borrower, the $10M minimum is total aggregate exposure, not the size of a single loan. A borrower can reach $10M with one loan or with several loans across multiple projects.

Avila works directly with each borrower to gather the financial and project details for a loan, then underwrites the borrower, the project and the market. While timelines vary considerably based on the specifics and requirements of each project, the same Avila team handles origination, underwriting and servicing for every loan. This helps us to reduce delays and work closely with you based on your timelines.

‍In underwriting, we look for borrowers with low leverage, good liquidity and strong cash flow and we look for projects with ample equity and margins, in primary and secondary markets with population and job growth.

We aim to develop long term relationships with our clients. With no handoffs to a separate credit department or an outside servicer, we aim to develop a deeper understanding of your business and work with you towards your project’s timing needs.


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Avila can review a loan faster when the borrower sends a complete package at the start. The package should include a track record of completed projects, an executive summary of the loan request, property purchase documents, a due diligence folder, an organization chart and financial statements. We recommend prospective borrowers include the following information.

‍Track record
‍Avila builds long-term relationships with experienced homebuilders and land developers, so the review starts with a summary of the borrower’s completed projects.

·  Project locations and product types
·  Sales and closings history
·  Revenue and profitability

‍Executive summary of the loan request
·  The loan amount requested
·  Project locations and product types
·  The property to be financed and its location
·  The development or construction schedule
·  Budgets, cash flow projections and pro formas
·  Target buyer profiles
·  Market summaries
·  Development loans: summary of letter of intent (LOI) or purchase and sale agreement (PSA) terms (e.g. # lots sold, price, takedown pace)

‍Property purchase documents
·  If the borrower already owns the property, the purchase agreement and the settlement statement from the purchase
·  If the borrower is buying the property, the purchase agreement, deposit amounts and expected closing date

‍Due diligence folder
‍Examples of due diligence materials include the following. Additional information or documentation may be required for the loan approval.

·  ALTA survey
·  Municipal approvals and permits
·  Plat maps and site plan
·  Utility will-serve letters
·  Soils and geotechnical reports
·  Environmental studies
·  Market study
·  Building elevations

‍Organization chart
‍The chart should run from the entity that owns the property up to every person who owns, controls or manages the property and the borrower

‍Financial statements
‍Last three years and most recent interim financial statements for the borrower


This information is provided for general informational purposes and does not constitute a commitment to lend. Loan availability, terms and approval are subject to underwriting, due diligence and definitive documentation. Meeting the criteria described does not guarantee approval.