Your First Ground-Up Build, Financed Up to 90% LTC
Most lenders want a long track record before they will lend on new construction. We work with first-time investors and builders, with a 600 minimum credit score.
Built for first-time builders
Your first ground-up project is usually the hardest to finance. We lend first-time investors up to 90% of total cost (loan to cost) on ground-up construction, subject to approval, so you can get started with far less cash than a typical construction loan requires.
What we look at
- A credit score of 600 or higher
- A solid budget and a realistic scope of work
- Plans and a builder or general contractor you can show us
- Verified liquidity for your reserves and closing costs
Ready for 100%?
After your first completed project, you can qualify for our full program: 100% of the land and construction budget, up to 75% ARV.
How it works
1. Price it
Enter the lot price, construction budget and after-repair value in our calculator to see leverage, cash to close and monthly interest.
2. Apply
Create your portal account, complete the application, authorizations and experience worksheet, and upload your documents.
3. Build
Once approved and closed, construction funds are released through scheduled draws as work is completed.
Get ready before you apply
Having your documents together speeds everything up. See our documents checklist for what we need before processing.
Start your first build
Run your numbers in about a minute, then start your application. No obligation.
Illustrative only; not a commitment to lend. All loans are business-purpose only, subject to lender underwriting and approval, property and borrower eligibility, and verified liquidity (10% of the construction budget plus 6 months of payments, third-party fees and closing costs). Financing is not available in HI, AK, OR, CA, AZ or NV, or in Baltimore, Philadelphia, New York City or Washington DC. Reduced leverage may apply in some markets. Rates, points and terms may change.