Ground-Up Construction

Ground-Up Construction Loans

Build your vision from the ground up with flexible construction financing for new residential developments.

Wooden beams at construction the roof framing truss system house

Up to 90% LTC

For experienced builders

100% Construction

Full build cost coverage

12-24 Months

Flexible term options

$50K - $3MM

Scalable loan sizes

Two Programs for Every Builder

Choose the program that matches your experience level

Ground-Up Program

For builders with 1-2 ground-up projects

Maximum LTC

• Up to 75% of lower of land value or purchase price (60% if unpermitted)

• Plus 100% of construction costs

• Max 85% of total project costs

• LTC Catch Up Draw available post-closing

Maximum LTV

Up to 70% of ARV

Loan Amount

$50,000 - $3,000,000

Term Length

12 months, up to 18 at lender discretion

Experience Required

1-2 ground-ups

• GC experience if permits tie to ground-ups

• Inexperienced guarantors case-by-case

Property Count

Min: 1 | Max: 2

Recourse

Full Recourse

Interest Reserve

Minimum 1 month

Premium Program

Experienced Developer Program

For professional builders with 3+ similar projects

Maximum LTC

• Up to 75% of lower of land value or purchase price (60% if unpermitted)

• Plus 100% of construction costs

• Max 90% of total with financed IR

• Max 85% of total without financed IR

Maximum LTV

Up to 70% of ARV

Loan Amount

$50,000 - $3,000,000

Term Length

12 to 24 months available

Experience Required

3+ similar ground-ups

• Heavy rehabs with expansion

• Professional development/builder

• Inexperienced guarantors OK with experienced co-guarantor

Property Count

Min: 1 | Max: 10

Recourse

Full Recourse

Interest Reserve

Minimum 1 month

Eligible & Ineligible Property Types

Eligible Properties

Non-owner occupied 1-4 unit residential
Townhomes
Condos

Ineligible Properties

• Mixed-use properties

• 5+ unit multifamily

• Condotels, Co-ops/TICs

• Commercial property

• Log homes

• Properties subject to oil/gas leases

• Operating farms, ranches, orchards

• Vacation or seasonal rentals

• Rural properties

Ready to Break Ground?

Apply Now