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Ground-Up Construction Loans

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Ground-Up Construction Loans

Our Ground-Up Construction loans are built for experienced builders who need flexible financing to move quickly. We offer fast pre-qualifications, flexible terms, and a loan process that keeps things moving, so you can help your clients start building without unnecessary delays.

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Ground-Up Construction Loans

A Ground-Up Construction Loan Lender With All The Right Tools

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No Income Documentation

Forget the tax returns and W-2s. These are BPO-based loans, so your builder clients can qualify without the usual income documentation requirements.

Flexible Payment Options

Flexible Payment Options

Borrowers can delay their first payment for up to five months. LendSure builds the first four months of interest into the loan to help ease early cash flow.

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End-to-End Coverage

Finance the full project, from reimbursing lot purchases to covering every phase of the build. No need for multiple loans.

How Our Ground-Up Construction Loan Process Works?

Here’s a step-by-step breakdown.

Pre-Qualification & Builder Review

As your Ground-Up Construction loan lender, we evaluate the builder’s experience, looking for at least three completed builds or a combination of two builds and one major renovation over $200K. Pre-quals are typically completed within 24 hours.

Project Documentation

We collect approved construction plans, budgets, contractor agreements, and permits. This ensures the project is ready to move forward without delay.

Draw Requests, Reimbursement, Review and Approval

The construction loan is released in stages, aligned with major milestones in the renovation process, so funds are used effectively. When a stage of construction is completed, the client submits a draw request with documentation of the work completed (like inspections and paid invoices) for review and reimbursement.

Draw Requests & Approvals

Builders submit draw requests as milestones are completed. We verify progress through inspections, title checks, and permit approvals before releasing funds.

Ready to close more Ground-Up Construction loans with LendSure?

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Program Highlights

  • Financing available for both the lot and construction costs based on approved plans and permits
  • 12- and 18-month interest-only term options
  • Common-sense loan pricing based on builder experience, project details, assets, and credit
  • Supports SPEC and build-to-rent projects
  • Loan amounts up to 65% of the lot cost and up to 95% of construction cost
  • Origination fees can be financed to reduce upfront cash requirements

Grow Your Pipeline With Ground-Up Construction Loans

Looking to close more deals and build long-term client relationships? Partnering with the right Ground-Up construction loan lender gives you another smart tool to serve experienced builders, and set yourself apart from the competition.

Because many builders already own the lot, they’re financially committed and ready to move forward, making these deals more likely to fund and close. And with flexible terms, fast pre-quals, and the chance to support your clients through every stage of the project, you’ll stay connected from the first draw through the final sale.

More products. More clients. More closings.

Have A Question? We Have The Answers

How much can my client get back on the cost of the lot?

With a LendSure Ground-Up construction loan, borrowers may be eligible to receive up to 65% of the lot’s purchase price back at closing. This gives builders fast access to capital, especially valuable for those who have already secured the land and are ready to begin construction with a trusted Ground-Up Construction loan lender.

How much of the cost to build (CTB) can be financed?

We finance up to 85% of the cost to build, based on approved plans, permits, and a realistic construction budget. This gives your clients strong leverage to fund the majority of their build without having to bring excess cash to the table.

How does your draw process work, and are inspections required?

LendSure’s Ground-Up Construction loans follow a milestone-based draw process. Funds are disbursed in stages as construction advances, with each phase verified through third-party inspections to ensure quality and project alignment.

Is there a draw fee?

Yes. Draw fees typically range from $150 to $250 per draw.

What kind of credit score does a borrower need?

Borrowers must have a minimum credit score of 680 with no mortgage lates in the past 48 months. This ensures we’re working with committed, experienced builders.

Do you require income documentation?

No traditional income documentation is required to qualify for a LendSure Ground-Up Construction loan. That said, we may review recent income trends or prior project profitability to get a broader picture of financial strength.

Can these loans be closed in an LLC or business entity?

Yes, Ground-Up Construction loans can be closed in an LLC or other legal entity, making them ideal for builders operating under a company or investor structure.

Is Dutch interest required?

Generally not. However, in certain “near-miss” scenarios, Dutch interest may be used as a compensating factor to help gain loan approval.

Can multiple properties be used to help qualify a borrower?

Yes. We do allow cross-collateralization, which means borrowers can use additional properties as part of the approval strategy, particularly helpful in complex or high-value projects where a construction loan lender needs to get creative.

What’s the typical closing timeline for a Ground-Up construction loan?

Closings typically take 15 to 30 days, depending on how quickly documentation is submitted and conditions are met. As an experienced Ground-Up construction loan lender, we work to keep your client’s build on track.

Are permits required before funding?

Yes. Borrowers must obtain approved permits from the local authority before funds are released. This guarantees regulatory compliance and project readiness.

Does the builder’s contractor need to be licensed?

Yes. The contractor managing the build must hold a valid General Contractor (GC) license, as required by the jurisdiction where the project is located.

Is there a maximum Loan-to-Value (LTV) or After-Build Value (ABV)?

Yes. LendSure typically allows up to 70% of the completed property’s value (ABV), depending on the strength of the borrower, project, and market conditions.

Want to walk through a deal?

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