Custom home construction is an active and consistent part of Park City’s real estate landscape. Private communities like Promontory, Tuhaye, and Talisker were designed around custom and semi-custom builds — buyers acquire a parcel and commission a home built to their specifications, from the foundation to the final finish. Old Town Park City sees a steady stream of infill construction on premium lots where buyers replace older structures with new homes designed around the canyon views and mountain setting. And throughout the Snyderville Basin, larger parcels accommodate estate-scale custom builds for buyers who want Park City access without the resort village footprint.
For buyers building in any of these contexts, a One-Time Close Construction Loan — also called a construction-to-permanent loan — is the most efficient financing tool available. One closing before construction begins, one set of closing costs, a rate locked at origination, and automatic conversion to permanent financing when the home is complete. No re-application when the build is done, no risk of qualifying for a different loan in a changed rate environment.
I offer One-Time Close Construction financing for Park City builds across all price tiers — from Snyderville Basin production builds to Promontory estate homes well above $3 million.
A One-Time Close Construction Loan — sometimes called a Construction-to-Permanent loan — combines three phases of financing into a single loan product:
Land or Lot Acquisition — Financing for your building parcel within a Park City private community or on a standalone Summit County lot
Construction Phase — Draw-based financing released as your builder hits defined milestones throughout the build
Permanent Mortgage — Automatic conversion to your long-term home loan at completion — no second closing, no re-qualification, no additional closing costs
Unlike traditional two-close construction financing, a One-Time Close loan locks your interest rate at origination — protecting you from rate movement during a build that may take 12 to 18 months in Park City — and eliminates the administrative burden and cost of a second closing.
Key Features:
Single closing — one set of closing costs
Rate locked at origination for the life of the loan
Interest-only payments during construction phase
Automatic conversion to permanent financing at completion
Works with all licensed Summit County builders and custom contractors
Available at Jumbo-level amounts for upper-tier builds
Extended construction windows for Park City's characteristically long mountain build timelines
For builds in the conforming range up to $1,149,825
Fixed or adjustable permanent rate options
Works with production and semi-custom builders active in the Snyderville Basin and greater Summit County
Physician-friendly versions available with 0-5% down and no PMI
For builds above $1,149,825 — custom homes in Promontory, Tuhaye, Old Town infill, and upper-tier Snyderville Basin builds
Portfolio and non-QM options for complex income profiles
Extended construction timelines accommodated (12-24 months)
For estate-scale builds in Promontory, Talisker, Empire Pass, and Deer Valley
Loan amounts from $3 million through $10 million and above
Portfolio lending with asset-based income programs available
Rate locked through multi-year build windows
Promontory Club — A private 6,000-acre community east of Park City, Promontory is one of the most active custom build markets in Summit County. Buyers acquire homesites within the club and work with approved builders to commission homes designed around the mountain setting, private golf, and the community's ranch character. Total project costs here frequently reach $5-10 million, making Super-Jumbo construction financing the standard tool.
Tuhaye and Talisker — Gated luxury communities with private golf and large parcels. Custom builds in these communities reflect the mountain modern architectural vocabulary that defines Park City's current luxury standard — vaulted ceilings, floor-to-ceiling glass, heated driveways, and outdoor living spaces designed for four-season use.
Old Town Infill — Park City's Historic Old Town sees a consistent stream of teardown-rebuild activity, as buyers acquire lots on the hillside streets above Main Street and commission new construction designed around the views, the ski lift proximity, and Old Town's irreplaceable walkable character. Jumbo One-Time Close programs are well-suited to these builds.
Snyderville Basin — The basin west of Park City proper offers a range of lot sizes and a more accessible entry point than the private club communities. Production and semi-custom builders are active here, delivering mountain modern floor plans with resort access and Salt Lake Valley commutability. Standard and Jumbo One-Time Close programs both apply depending on the build scope.
Experienced in One-Time Close Construction financing with production, semi-custom, and fully custom builders throughout Summit County
Knowledge of Park City's private community build requirements — Promontory, Tuhaye, and Talisker architectural review processes and builder approval timelines
Jumbo and Super-Jumbo construction programs for the upper-tier builds that define Park City's custom market
Physician One-Time Close programs available for healthcare professionals building in Summit County
Single point of contact from lot selection through move-in
20+ years of experience — NMLS #235295
Qualified Builder Required — Your builder must be licensed, insured, and approved through the loan underwriting process. Builders active in Promontory, Tuhaye, and other private Park City communities typically have established approval histories; custom builders new to a lender require additional credentialing documentation.
Construction Plans and Budget — Production and semi-custom builds in established communities provide standard contracts and specifications that satisfy lender requirements. Fully custom builds on standalone parcels require complete plans, permits, and a detailed budget before underwriting.
Strong Borrower Profile — Income, credit, and reserve requirements align with the appropriate conforming, Jumbo, or Super-Jumbo program tier depending on the build cost.
Realistic Timeline — Production builds in Summit County typically run 8-12 months. Custom builds in private communities or on complex mountain parcels run 12-24 months depending on scope, architectural review, and permitting. One-Time Close programs are structured for both.
Pre-Qualification — Review your income, assets, builder, and community to identify the right program.
Builder Approval — Your Summit County builder is reviewed and approved as part of underwriting. Established community builders move through this efficiently; custom contractors provide license, insurance, and project plans.
Single Closing — One closing covers lot, construction financing, and permanent loan — before a single foundation is poured.
Construction Draws — Funds released as your builder reaches milestones. I coordinate with the builder throughout.
Completion & Conversion — Your loan converts automatically at completion. No second closing. No re-qualification.
Yes. Jumbo and Super-Jumbo One-Time Close programs are designed for exactly this scenario — covering lot acquisition and custom construction in a single loan with one closing and a rate locked at origination, with extended construction windows for the longer build timelines typical of private community homes.
A traditional construction loan requires two closings — one before construction and one at completion — each with its own costs and qualification process. A One-Time Close loan eliminates the second closing, locks your permanent rate upfront, and converts automatically at completion. In a multi-year Park City build, rate protection alone can be a significant financial advantage.
Yes. Physician One-Time Close programs are available — allowing qualifying medical professionals to build a new home in Park City with as little as 0-5% down and no PMI, even on construction loan amounts.
Yes. Old Town infill construction — where a buyer acquires a lot from a teardown and builds new — is a scenario One-Time Close programs accommodate well. The land acquisition and build are covered under a single closing, and the resulting permanent loan reflects the completed property value.
Building your new home in Park City starts here. Let’s talk through your builder, your site, and your timeline.
Originally from Harrisburg, Pennsylvania, I moved to Phoenix to attend Arizona State University and have proudly called Phoenix home ever since.
My journey into the mortgage industry began with a friend’s encouragement, who saw how my energy and people-first mindset could make a difference. He was right — I found my calling.
I’ve always embraced what makes me different. With ADHD as my secret weapon, I thrive in fast-paced, detail-heavy environments. I’ve built my career on clear communication, creative problem-solving, and putting clients first, always.
Outside of work, my greatest motivation is my wife and three amazing kids. I’d be honored to help guide you through your lending journey with care, clarity, and commitment.
Who we are
Our website address is: https://loansbylehrman.com/
Embedded content from other websites
Articles on this site may include embedded content (e.g. videos, images, articles, etc.). Embedded content from other websites behaves in the exact same way as if the visitor has visited the other website.
These websites may collect data about you, use cookies, embed additional third-party tracking, and monitor your interaction with that embedded content, including tracking your interaction with the embedded content if you have an account and are logged in to that website.
SMS Privacy
I respect your privacy. I will not share or use your mobile number for any other purpose. I will only use information you provide to transmit text messages. Nonetheless, I reserve the right at all times to disclose any information as necessary to satisfy any law, regulation or governmental request, to avoid liability, or to protect my rights or property. When you complete forms online or otherwise provide me information in connection with the Service, you agree to provide accurate, complete and true information. You agree not to use a false or misleading name or a name that you are not authorized to use. If I, in my sole discretion, believe that any such information is untrue, inaccurate or incomplete, I may refuse you access to the Service and pursue any appropriate legal remedies.
Analytics tracking
Our website uses analytics tools such as Google Analytics to better understand how visitors interact with our site. These tools collect data through cookies and similar technologies, including information about on-site activity and, in some cases, IP addresses. We use this data to improve user experience, monitor performance, and track conversions. Visitors who prefer not to be tracked can opt out by using the Google Analytics opt-out browser add-on or other available opt-out methods.
