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Ground Up Construction

Ground up construction loans are short term financing options used to develop non-owner occupied single-family, multi-family, and mixed-use propertied on a permitted or permit-ready lot. The process of developing real estate starts with finding the ideal property or project. Then, you need strong, reliable financial partners to help your projects become a reality. 

Ground-up construction loans are the ideal solution for businesses in need of financing for their real estate development projects from start to finish. We will further explain why.


Construction loans differ from traditional loans in several key ways:

  • Unlike traditional mortgages, commercial construction loans offer short loan terms, typically for a period of 12-18 months, depending on construction plans.

  • The application and approval process is far more thorough, requiring a review of architectural plans, construction timelines, and line-item budgets for each phase of development.

  • Once approved for a construction loan, funds are not disbursed in a lump sum. Rather, disbursements are made through a loan draw process, similar to a line of credit.

  • Subsequent payments are made directly to builders through a series of construction draws based on the completed stages of development. These may require an inspector evaluation before the construction draws are processed.

  • For most construction loans, borrowers pay interest on funds as they are drawn and not on the entire loan amount.

  • Once construction is complete, loans can be converted into a traditional mortgage to simplify the repayment process.

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