Ground-Up Construction Loan Program

Loan Purpose
Designed for experienced investors and developers building new residential properties from the ground up.

Maximum Loan-to-Cost (LTC)

  • Finance up to 75% of the lesser of land value or purchase price
    (60% max if permits are not in place)

  • 100% of vertical construction costs covered

  • Total funding capped at 85% of total project costs, or 90% with interest reserve included

LTC Catch-Up Draw
After permits and approved plans are submitted post-closing, we offer a catch-up draw to bring the initial disbursement up to 75% LTC.

Maximum Loan-to-ARV (After-Repair Value)
Up to 70% ARV

Recourse Requirement
Loans are full recourse and require a personal guaranty.

Reserves & Escrows

  • Minimum 1 month of interest reserve required

Experience Requirement

  • At least 1–2 prior ground-up projects

  • Licensed General Contractors may qualify if permit history ties to new builds

  • First-time developers may be considered on a case-by-case basis with strong guarantor support

Loan Size

  • Minimum: $50,000

  • Maximum: $3,500,000

Loan Term Options
12, 18, or 24 months available based on project needs

Number of Properties per Loan

  • Minimum: 1

  • Maximum: 2

Eligible Property Types

  • Non-owner occupied residential (1–4 units)

  • Townhomes

  • Warrantable condos

Ineligible Property Types

  • Mixed-use or 5+ unit multifamily

  • Condotels, co-ops, or TICs

  • Commercial buildings

  • Log homes

  • Properties under oil/gas lease

  • Farms, ranches, orchards

  • Vacation homes or seasonal rentals

  • Rural or remote locations

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