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Ground-Up Construction Loans

Ground-up construction loans for builders who deliver.

Financing for new residential and small multifamily construction. Land, vertical costs, and soft costs funded in draws against a real budget and schedule, with terms built around how long the build actually takes.

Ground-upProject type
Draw-fundedBudget release
Residential + small MFAsset class
Overview

What a construction loan is, and when it's the right tool.

A construction loan funds a project that doesn't exist yet. That makes it the most documentation-heavy loan an investor will take out, and the one where lender competence matters most. Budgets, schedules, permits, contractor qualifications, and draw mechanics all get scrutinized, because the collateral is being created as the money goes out.

The upside is control. Building lets you produce the asset you want in the location you chose, at a basis renovation rarely matches. Investors who can manage a build well often find their best margins here.

We underwrite construction the way a builder thinks about it: line-item budget, realistic schedule, contingency that actually exists, and an exit that holds if the build runs long.

Who It's For

Built for these investors.

01

Builders with a track record

Completed projects, a bonded or qualified GC, and a budget that survives scrutiny.

02

Investors building to rent

Constructing new rentals to hold, then refinancing into long-term DSCR debt at completion.

03

Infill and small multifamily

Single lots, duplexes, and small multifamily where the numbers work without a hundred-unit spreadsheet.

Loan Snapshot

The structure at a glance.

Project typesGround-up residential and small multifamily construction
What it fundsLand or lot payoff, hard costs, and eligible soft costs per the approved budget
Budget releaseDraws tied to completed and inspected work
Term structureSized to the construction schedule, with room for reality
ExitSale, or refinance into permanent rental debt
PricingQuoted per deal — ask for current terms

Program parameters and pricing are set per deal and subject to change. Send us the property and we will put real terms in writing rather than quoting a range that moves.

How It Works

Four steps, no mystery.

01

Bring the full package

Plans, permits or their status, line-item budget, schedule, and your builder's history.

02

Underwrite the build

We review budget against scope, comps against the finished product, and contingency against the risk.

03

Close and break ground

Land funds if needed. The construction budget is committed and released against progress.

04

Draw through completion

Inspected draws as phases finish, then sale or refinance into long-term debt.

What a fundable construction budget looks like

  • Line items by trade, not a lump sum labeled “construction.”
  • Contingency that reflects your market's material and labor volatility.
  • Soft costs included, not discovered later: permits, engineering, utilities, insurance.
  • A schedule that matches the budget's draw sequence.

Where construction deals go wrong

  • Starting without permits in hand and losing months to the municipality.
  • A GC whose bid excludes site work, utilities, or finishes.
  • No contingency, so the first surprise becomes a capital call.
  • An exit priced on today's comps with no cushion for a longer build.
Included With Every Loan

The loan is the beginning, not the transaction.

Every funded borrower gets a seat in the Borrowers Circle: in-person masterminds, monthly AI workshops, the December couples retreat, and the Education Vault — 200+ hours of training, models, and templates. No membership fee, no application, and none of it priced into your rate.

See the Borrowers Circle Browse the Education Vault
Questions

Construction loans, answered.

What is a ground-up construction loan?

Financing for building a new structure on a vacant or cleared lot. It funds land, hard costs, and eligible soft costs, and it releases money in draws as construction progresses rather than all at closing.

Do I need a licensed general contractor?

In nearly all cases, yes. Your builder's license, insurance, and completed-project history are part of the underwriting. Owner-builder requests get a much closer look.

How do construction draws work?

You complete a phase, request a draw with documentation, an inspection verifies the work, and funds release. Accurate budgets and clean documentation are the difference between a fast draw and a stalled jobsite.

Can I roll my land purchase into the loan?

Often, yes. If you already own the lot, its equity can count toward your contribution. If you're buying it as part of the project, that can be structured into the financing.

What happens when construction is finished?

You sell, or you refinance into permanent financing. If you're keeping it as a rental, our DSCR rental loans are the usual takeout, and that conversation happens with the same team.

Do you finance small multifamily construction?

Yes. Residential and small multifamily ground-up projects are squarely in our program. Send the plans and budget and we'll tell you where it lands.

Other Programs

Compare the rest of the lineup.

Ground-Up Construction Loans

Send us the deal. We'll send back real terms.

Quotes come from people who invest for a living, not a call center. If the deal doesn't work, we'll tell you that too.

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