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Ground-Up Construction Loans

Draw-based financing for residential new builds. Fund your project from foundation to certificate of occupancy with competitive leverage and fast closings nationwide.

Build From the Ground Up

Our ground-up construction loans are built for experienced residential builders who need reliable capital to take a project from raw land or finished lot through completion. Whether you are building a single-family spec home, a townhome row, or a small multifamily property, we structure financing around your budget and timeline.

Funding is released through a draw schedule tied to construction milestones. You receive a day-one advance based on the current lot value, followed by draws against your approved construction budget as work is completed. Our draw process is fast (typically 48 hours), transparent, and managed through a dedicated Asset Management portal.

All borrowers must be entity borrowers (LLC, LP, or Corp). We lend to builders with a track record of at least 5 completed projects. First-time builders can qualify by partnering with an experienced general contractor through our first-time builder program.

Loan Range

$150,000 to $5,000,000 per loan. Multi-loan structures available for builders scaling their pipeline.

Term

12-18 months with extension options

Closing Speed

As fast as 21 days

Geographic Coverage

40+ states nationwide. Top markets: NC, SC, VA, OH, FL, TX.

What Sets Us Apart

  • Up to 90% loan-to-cost on ground-up projects
  • Fast, predictable draw process with 48-hour turnaround
  • No prepayment penalty on construction loans
  • Non-recourse options available for qualifying borrowers
  • Repeat borrower programs with streamlined underwriting
  • Builder-focused underwriting that values your track record

What We Finance

  • Single-family residences (SFR)
  • Spec homes and custom builds
  • Townhomes and row homes
  • Small multifamily (2-4 units)
  • Build-to-rent developments
Program Details

Ground-Up Construction Loan Parameters

Max LTC
Up to 100%
Max LTARV
Up to 75%
Min FICO
680
Loan Range
$150K - $5M
Term
12-18 Months
Recourse
Non-Recourse Available
After closing, loan funds are released through a series of draws tied to construction milestones in your approved budget. As each phase of work is completed, you request a draw, our team verifies the progress, and funds are released (typically within 48 hours). This keeps capital flowing to match your build schedule without tying up excess funds.
Our ground-up construction loans cover single-family residences, spec homes, townhomes, and small multifamily properties (2-4 units). Whether you are building one home or a small development, the program is designed to support residential new construction across 40+ states.
Borrowers should have completed at least 5 residential construction or renovation projects within the last 3 years. Builders with deeper experience may qualify for improved leverage and pricing. Building your first spec home? See our first-time builder construction loan program, which allows qualification through partnership with an experienced general contractor.
Loan-to-cost (LTC) measures the loan amount against total project cost (land plus construction). Loan-to-value (LTV) or loan-to-after-repair-value (LTARV) measures the loan against the projected completed value. Ground-up construction loans use both metrics. Leverage is available up to 100% LTC and 75% LTARV.
Yes, non-recourse options are available on ground-up construction loans for qualifying borrowers and projects. Standard carve-outs apply. Our team can walk you through the non-recourse structuring process during your initial consultation.

Ready to Break Ground?

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