Luma is an AI-native lender for regional developers building 10–75 lots at a time. Entitled subdivision and townhome deals of $2–8M, an honest answer in days, and draws that fund on time.
$2–8M
Loan commitments
10–75
Lots or units
12–24
Months, expected term
First lien
Every loan we make
Budgets, plans, entitlements, utility letters, sponsor financials and sales assumptions, reconciled into one structured model of the project. Not a memo. A live credit state.
Commitment, equity sequence, interest reserve, lot-release prices, covenants. When the requested loan is unsafe, we say so and propose a structure we would fund.
Every inspection and lot release recomputes cost to complete, reserve sufficiency and expected recovery. Problems surface while there is still money to fix them.
Certainty of execution, honest answers fast, and draws funded on time. We lend to experienced regional developers who have outgrown their community bank: entitled single-family and townhome projects too complex for the standardized platforms and too small for the big construction desks.
Start a submission“Review the next three transactions that meet our credit box, and consider funding them.”
That is the whole ask. Deal-by-deal review, full underwriting file on every transaction, servicing controlled end to end, and monthly projected-versus-actual reporting. No blind commitments.
Request a sample underwriting fileTen minutes to submit. An indicative answer in days, not weeks. If the answer is no, you’ll know exactly why.