Ground-Up Construction

10.25%

*

Our Construction Loans provide builders and investors the financing they need for ground-up construction and land acquisition.

Key Facts about our Ground-Up Construction Loan

Ground Up ProgramExperienced Developer Program (3+ Similar Past Projects)

Maximum Loan To Cost

Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction

Max 85% of total project costs

LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing

Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction

Max 90% of total project costs

LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing

Maximum Loan To Arv

Up to 70%

Up to 70%

Recourse

Full Recourse

Full Recourse

Reserves/Escrows

Interest Reserve:

Minimum 1 month

Interest Reserve:

Minimum 1 month

Minimum 6 months full boat IR funded with initial loan amount for 90% LTC loans

Experience

Previous real estate experience required: 1-2 Ground ups

GCs if experience if permits tie to Ground ups

Guarantors with no experience permitted on a case by case basis

Previous real estate experience required: 3+ similar Ground-up builds + heavy rehabs with expansion. Professional deveopment / builder.

Guarantors with no experience permitted with experienced guarantor that meets the above experience criteria

Loan Amount

Min: $50,000

Max: $5,000,000

Min: $50,000

Max: $5,000,000

Term Length

12 months, Up to 18 at Lender Discretion

12 months, Up to 24 at Lender Discretion

Property Count

Min: 1

Max: 2

Min: 1

Max: 10

Permitted Property Types

Eligible:

Non-owner Occupied 1-4 unit residential

Townhomes

Condos

Ineligible:

Mixed use properties

5+ unit multifamily properties

Condotels

Co-ops / TICs

Commercial Property

Log Homes

Properties Subject to Oil and/or Gas Leases

Operating Farms, Ranches, or Orchards

Vacation or Seasonal Rentals

Rural properties

Eligible:

Non-owner Occupied 1-4 unit residential

Townhomes

Condos

Ineligible:

Mixed use properties

5+ unit multifamily properties

Condotels

Co-ops / TICs

Commercial Property

Log Homes

Properties Subject to Oil and/or Gas Leases

Operating Farms, Ranches, or Orchards

Vacation or Seasonal Rentals

Rural properties

Over $8 Billion in loans for Real Estate Investors
A New Construction Loan provides financing for builders looking to construct new residential properties. Our straightforward, common sense approach gets builders the financing they need to get a property ready for sale.

What Makes this Product Stand Out?

  • Loans designed for developers and investors alike
  • Option to include land acquisition financing
  • Multiple draws available at borrower’s discretion
BEGIN TODAY BY TAKING ADVANTAGE OF A Ground-Up Construction Loan