Ground Up Construction Loans
End-to-end financing for 1-4 unit residential construction. From land acquisition to completed project, with milestone-based draws released as work progresses.
Get Your TermsCommon Use Cases
Single-Family New Build
Build a new single-family home from the ground up for sale or rental.
1-4 Unit Construction
Develop 1-4 unit residential properties for investment portfolios.
Spec Home Development
Build speculative homes to sell on the open market upon completion.
General Terms
Loan Amount$150K – $5.0M
Rate From8.38%
TermUp to 24 months
Payment TypeInterest Only
Min FICO680
Foreign NationalsAccepted (No minimum FICO)
Prepayment PenaltyNone
Draw Process
1
Milestone Draws
Funds released as construction milestones are completed.
2
Inspections
Each draw verified by third-party inspection before release.
3
Completion
Final draw upon project completion and Certificate of Occupancy.
Requirements
- Government-issued ID (DL, Valid Visa, Passport)
- Signed loan application
- 2 months bank statements
- Entity Documents: Operating Agreement / Bylaws, Articles of INC, EIN Letter, Certificate of good standing
- Detailed construction budget & timeline
- Construction plans and permits (or permit application status)
- Builder's risk and liability insurance
- Property insurance
- Track record: 3+ completed construction/rehab projects OR licensed contractor as partner
- Liquidity reserves per program requirements
Exit Strategy
Sell
Net profit must be greater than $0. The completed project is sold on the open market.
Rent → DSCR Refi
Must meet minimum DSCR of 1.00x. Transition to a long-term DSCR loan for passive income.
Frequently Asked Questions
Partner with a licensed contractor who has experience. Your liquidity and the project fundamentals matter.
Visual inspections draws. Funds released as construction milestones are completed and verified.
Yes, an optional extension is available. Communicate with your loan manager early if needed.
Yes. Contact us to confirm availability for your market.
Permits in place improve your Day 1 leverage.
