Ground Up Construction Loans
Turn your vision for a new residential project into reality with the right financing partner. Enjoy up to 90% loan-to-cost (LTC) with competitive rates starting at 10.75%, and pay interest only on the balance, not the full amount.
Ground Up Construction Loan Program
Our ground-up construction loans offer the financial support needed to bring new residential developments from concept to completion. Whether building a single-family home, a multi-unit property, or a large residential complex, our loan program is structured to give you the funding and flexibility necessary for a successful project launch and completion.
Loan Features and Benefits
We provide a range of benefits with our ground-up construction loans, including competitive rates, flexible repayment terms, and the option to finance up to 100% of construction costs. Our loan program ensures you have the resources to meet your construction milestones and capitalize on market opportunities as they arise.
Who is eligible for a ground-up construction loan?
Our ground-up construction loans are available for experienced developers and first-time builders alike. To qualify, applicants must demonstrate the viability of their project, provide a solid construction timeline and budget, and meet other credit and experience criteria.
How to Apply for a Ground-Up Construction Loan
To qualify for a Fix and Flip Bridge Loan, investors need to provide basic project details, demonstrate the property’s potential for profitability, and submit proof of sufficient experience or planning in fix and flip projects. Our straightforward application process includes:
Submit a Preliminary Application
Begin by completing our online preliminary application, where you will provide basic details about your construction project, budget, and financial background.
Initial Review and Consultation
Once submitted, our team will review your application and schedule a consultation to discuss your project, answer any questions, and outline the next steps.
Complete the Full Application
After the initial review, you’ll move on to the full application. This involves submitting necessary documents, including project plans, financial statements, and cost estimates.
Loan Approval
Our underwriting team will evaluate your application for approval. You’ll receive updates throughout this process, with a focus on efficient and timely review.
Secure Your Funding
Once approved, you’ll sign the loan agreement and receive the funds to begin your ground-up construction project. We’ll continue to work with you to ensure your financing needs are met as your project progresses.
How to Apply for a Ground-Up Construction Loan
To qualify for a Fix and Flip Bridge Loan, investors need to provide basic project details, demonstrate the property’s potential for profitability, and submit proof of sufficient experience or planning in fix and flip projects. Our straightforward application process includes:
Submit a Preliminary Application
Begin by completing our online preliminary application, where you will provide basic details about your construction project, budget, and financial background.
Speedy Approvals
Once submitted, our team will review your application and schedule a consultation to discuss your project, answer any questions, and outline the next steps.
Competitive Rates and Terms
We offer attractive rates and flexible repayment options to support your project’s financial requirements.
Experienced Support Team
Our lending professionals understand the demands of construction financing and offer expert guidance from start to finish.
FAQs
Gain answers to commonly asked questions about our ground-up construction loans:
What makes ground-up construction loans different from traditional loans?
Ground-up construction loans provide funds specifically for new construction, unlike traditional loans, which are generally for existing properties.
What are the typical interest rates for these loans?
Rates vary depending on the project’s scope, borrower’s credit, and current market conditions; our team provides competitive options.
How much can you finance through a ground-up construction loan
Our loans can cover up to 100% of construction costs, depending on the project and borrower qualifications.
What documents are required to apply?
Standard documents include project plans, budget estimates, timelines, financial statements, and proof of experience in construction or real estate.
What happens if the project exceeds the original timeline or budget?
We offer loan flexibility and may accommodate timeline adjustments as needed, ensuring your project can move forward smoothly.
