Ground-Up Construction
Build From the Ground Up
Construction financing for qualified builders and developers, with draw-based funding tied to project milestones from acquisition through completion.
Up to 85%
Of Total Project Cost
$10M
Program Max
12–24
Month Terms
14–21
Typical Close Days
Program Overview
Ground-up construction financing can support residential and select small commercial projects with milestone-based draws and project-focused underwriting.
Loan Amount$200K – $10M
LTC (Loan-to-Cost)Up to 85%
LTV (Loan-to-Value)Up to 70% of ARV
Term12–24 months
Interest TypeInterest-only on drawn balance
Draw ScheduleMilestone-based
Property TypesSFR, 2-4 units, select multifamily / mixed-use
Close TimeTypically 14–21 business days
ExperienceCompleted project experience may be preferred
What's Typically Covered
- ●Lot acquisition where eligible
- ●Site preparation and foundation
- ●Framing, roofing, and exterior
- ●Mechanical, electrical, and plumbing
- ●Interior finish work
- ●Permits, architecture, and engineering where eligible
- ●Contingency reserve where applicable
Typical Qualifications
- ●Entity borrower may be preferred
- ●Credit profile reviewed
- ●Approved plans and permits when required
- ●Construction contract / scope
- ●Borrower equity contribution
- ●Relevant construction experience
- ●Verified project budget and draw schedule
How the Draw Process Works
Construction funds are generally released as eligible milestones are completed and verified.
01
Initial Draw
Initial eligible costs and project mobilization.
02
Foundation Draw
Funding after foundation milestone verification.
03
Framing / MEP Draw
Funding as structural and rough-in phases are completed.
04
Completion Draw
Final eligible draw near substantial completion.
Ready to Break Ground?
Submit your project details so LoanExis can review the scope, budget, timeline, and financing needs.