Loan Product

Ground Up Construction

Financing to build new residential projects from the ground up — flexible draws, fast approvals, and a team that understands the build.

Up to 90% LTCFrom 8.5%From 620 FICO47 states

The Basics

What is a ground up construction loan?

A ground up construction loan is short-term financing to build a new residential property from the dirt up. It covers construction costs — and often the lot — with funds released in draws tied to build milestones.

When the project is complete, you exit by selling the finished property or refinancing into long-term financing. We structure draws around your build schedule and keep approvals moving, so capital is there the moment each phase is ready.

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Construction + lot

Financing for the build itself, and often the land it sits on — so your capital stretches across the whole project.

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Draw-based funding

Funds are released on a schedule tied to construction milestones, keeping the build moving.

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Flexible draw schedules

Draws structured around how you actually build, not a rigid one-size-fits-all timeline.

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Built around your project

A team that understands development and works to keep your approvals and timeline on track.

At a Glance

The essentials.

Loan purposeNew residential construction (ground up)

Funds coverConstruction costs, often including the lot

LeverageUp to 90% LTC

Draw scheduleTied to build milestones, flexible

Property typesResidential & select multifamily

ExitSale or refinance on completion

Availability47 states

Our best pricing (rates from 8.5%) is reserved for experienced builders. Final leverage and draw structure vary by project — request a quote for your terms.

Who It’s For

Builders ready to break ground.

Residential developers and builders financing new construction — from a single spec home to larger projects.

How It Works

From inquiry to closing, without the runaround.

Consultation

A loan officer reviews the project — lot, plans, budget, and exit. No pressure, just clarity.

Application

Submit your application, the plans, and your construction budget.

Appraisal

We order your appraisal through established, local appraisers who know their markets — so valuations come back fair, well-supported, and on time.

Underwriting

We review the project and the numbers, then move toward approval — keeping you informed.

Closing

You close, break ground, and pull draws as each construction milestone is met.

Questions

Ground up, answered.

What does the loan cover?

Construction costs — and often the lot — released in draws as the build reaches each milestone.

Do I need building experience?

Ground-up financing is best suited to experienced builders and developers. Your track record shapes your terms, and we’ll walk you through exactly what to expect.

What about contractors and permits?

Make sure your builder is properly licensed and insured, and pulling permits where required. If so, it won’t affect your loan.

How fast can it close?

Most loans close in roughly 15–30 days, depending on the appraisal and final underwriting.

Get Started

Ready to break ground?

Tell us about the project — lot, plans, and budget. We’ll get back to you with a term sheet, fast.