Ground-Up Construction Loans

What This Program Is

Ground-Up Construction Loans are designed for new-build projects and may cover lot payoff or acquisition, construction costs, interest reserves, and draw administration depending on the structure.

Best For

• Builders developing spec homes
• Investors constructing single properties or small projects
• Borrowers with shovel-ready or near-ready plans
• Experienced operators seeking leverage for new construction

Program Highlights

• Property Types: Spec homes, single-family builds, and select small residential development opportunities
• Use Cases: Construction-only, lot payoff plus construction, and construction-to-sale or refinance
• Loan Structure: Based on land value, total project cost, as-completed value, and builder strength
• Draws: Funds are typically released in stages after inspection
• Timeline: Requires plans, budget, permits or permit pathway, and builder readiness

Common Documents Requested

• Plans and specifications
• Detailed construction budget
• Builder resume or experience summary
• Purchase contract or land ownership information
• Permits, survey, and project timeline if available

Program availability, leverage, rates, terms, and documentation requirements vary based on property type, borrower profile, transaction structure, and lender guidelines.