GROUND-UP CONSTRUCTION LOANS
Ground-Up
Product Overview:
Financing for vertical new construction on ready-to-build lots. Ideal for builders and investors constructing 1–4 unit projects.
Example Scenario:
Total Project Cost: $500,000 | Loan: $450,000 (90% LTC)
Interest is paid only on drawn funds throughout construction.
Advantages:
- Interest-only during construction
- Funds released via construction draws
- Flexible terms for single or multiple builds
Terms & Availability:
- Loan Amount: $500K – $22.5M
- LTC: Up to 90% | ARV: Up to 75%
- Term: Up to 24 months
- FICO: 660+ | Liquidity: ≥5% of project cost
- Experience: Required (similar projects in last 18 months)