• Conventional Loans
• Bridge Loans
• Commercial Mortgage Financing
• Multifamily Apartment Loans
• Commercial Mortgage Refinance
• Office Buildings
• Construction Financing
• Hard Money Loans
• Commercial Real Estate Financing
• Fix N Flip Loans
• Investment Property Financing
• Mezzanine Financing
• Rental Investment Commercial Loans

Ground Up Construction Loans

Ground up construction loans are short-term financing options specially designed to help fund the construction of new commercial properties. It is a loan type that provides funds for the development of a new building or structure, covering expenses from land acquisition to completion of construction. These loans help Real estate investors, Developers, and Individuals looking to construct commercial properties. The key factor is that unlike conventional mortgages, ground up construction loans release funds as the project progresses.

Ground-up construction loans are different from conventional mortgages. These loans are short-term, not a 30-year mortgage like FHA loans. The loan can be used to cover the costs of construction only, or of the purchase and construction of the property. These loans can be used to purchase, refinance, cash-out, construction on entitled or shovel ready land.

What Do You Need Secure a Ground-up Construction Loan

To secure a ground-up construction loan you must develop a comprehensive plan for the project. This plan must include stuff such as:

• Purchase offers or deeds for the land to be built upon.
• Complete blueprints.
• Building specifications.
• Contract with a qualified builder to complete the project.
• Comprehensive budget, including appliances, landscaping, upgrades, and a contingency amount or reserve.
• Construction draw schedules.

Key Features of Our Ground Up Construction Loan

• Loan amount up to $50 Million
• 100% of Rehab cost
• Rates starting at 7.99%
• Interest-only payments
• Up to 75% LTV
• Up to 85% of loan to cost
• Term Length up to 24 months or longer
• Qualify Based on the Property LTV, Liquidity, & Experience

Apply online today to get the loan process started. If you have any questions about the ground-up construction loans, please feel free to contact us today.

We are just a call away, call us at 877 123 XXXX or click the button below to apply online.