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Ground-up Construction Loans For Builders and Investors Who Build 1 to 5 Residential Units at a time

Loan purpose: (1) purchase a vacant lot and build; (2) purchase a lot with a tear-down and rebuild, or (3) refinance a lot already owned & ready to build.

1 to 4 residential units spec homes, models, townhomes (townhouse style condos and 5-10 unit multifamily considered case by case

Minimum 700+ square feet of gross livable area per unit on less than 2 acres per project

Lots should be fully entitled, shovel ready and ready to build within 90 days of loan funding.

Fast draw approvals

In-house construction management and servicing

  1. Nationwide (Urban, Suburban and rural)
  2. No tax return or income verification required
  3. $250,000 to $5 Million per project
  4. 620+ mid FICO credit score
  5. Term: 13, 19 or 24 months
  6. 6.99%+ interest only (experienced borrowers only pay interest on funds drawn) 
  7. Origination varies with construction experience in last 3 years
  8. Experience last 3 yrs: Tier 1 and 2: ineligible; Tier 3: 5-11; Tier 4: 12-23; Tier 5: 24+
  9. Finance 90% of hard and soft costs up to 75% of ARV 
  10. Can add experienced partner who owns 1%+ of LLC/Corporation 
  11. Non-recourse for experienced builders for 25 to 50 bps
  12. No subordinate debt permitted
  13. No prepayment penalty or minimum interest
  14. Lot must be fully entitled and ready to build within 90 days of loan funding. It doesn’t need to be permitted at closing (permits must be provided before first draw requested). Lots must be split and individually parcelled with water/ sewer/well/septic lateral ready. Lot must be properly zoned for property type being built at time of loan closing.
  15. No bankruptcy, foreclosure, short-sales or deed in lieu in past 3 years
  16. Foreign nationals eligible @70% LTC up to 60% ARV
  17. Funding in 3 to 6 weeks 
  18. ​No upfront fees

To submit your online loan request, please click the blue Residential Construction Link for your PRE-APPROVAL Term Sheet within 48 business hours. No credit cards, Social Security Numbers or credit checks are required for PRE-APPROVAL.

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