Ground-Up
For builders and small developers putting up new homes on land they own or are buying.
Or call or text Tyler at 408-459-8133.
At a glance
The terms
Terms as of November 8, 2026. Subject to approval by underwriting.
- Loan size
- $50,000 – $1,000,000; larger loans up to $3,000,000 reviewed case by case
- Leverage
- Up to 75% of land (60% if unpermitted) + 100% of construction, capped at 85% of total cost
- ARV cap
- 70%
- Term
- 12–24 months
- Credit
- 680 mid-score
- Rate and points
- From your personalized quote
Terms as of November 8, 2026. Up to the limits shown; subject to approval by underwriting.
A non-binding estimate as of November 8, 2026; not a pre-approval or pre-qualification. Terms as of November 8, 2026.
Who it's for
Builders with ground-up projects behind them
- Builders with 1–2 prior ground-up projects for a standard loan.
- Experienced developers with 3 or more similar builds, on up to 10 properties.
- An LLC or corporation, with guarantors at a 680+ mid-score.
Not eligible Property types, locations and borrowers
Property types
- Mixed use
- 5+ units
- Condotels
- Co-ops
- Mobile or manufactured homes
- Commercial property
- Cabins and log homes
- Oil and gas lease property
- Leasehold property
- Operating farms, ranches and orchards
- Vacation or seasonal rentals
- Unique, exotic or luxury property
- Unpaved or dirt-road access
- Rural property
Locations
- Property in Arizona, California, Idaho, Minnesota, Nevada, North Carolina, North Dakota, Oregon, South Dakota, Utah or Vermont
- Lee, Charlotte, Sarasota and Collier counties in Florida
Borrowers and use
- Individuals: borrow through an LLC or corporation
- Owner-occupied, personal or family use
What you'll need
Documents for a build
You don't need all of this to start. Tyler tells you what's due when.
- The purchase contract for the land (purchases), plus the contracts from each earlier sale if a wholesaler assigned it
- The settlement statement from your land purchase and a payoff letter if an existing loan is being paid off (refinances)
- A personal financial statement for each guarantor
- Your track record on the track record template we provide, with every column filled in, showing your prior ground-up projects; closing statements and before-and-after photos where they apply; and, if past projects were held in a different entity, that entity's filing information, EIN letter and operating agreement
- Your construction budget, itemized by trade and exported to Excel or PDF for the appraisal order
- Permits, or a signed and stamped architect letter confirming the plans, zoning, permits and timeline
- A contractor agreement or a letter of explanation if you are building for the first time or in a new market, and your real estate or general contractor license if you are claiming professional status
- Entity documents: Certificate of Formation, EIN letter, Operating Agreement and a recent Certificate of Good Standing with the state's seal
- An attorney opinion letter when the loan is over $1,000,000 (over $500,000 in New Jersey and New York, over $2,000,000 in Hawaii)
Insurance: General liability of $1,000,000 per occurrence and $1,000,000 aggregate. Mortgagee clause: provided at closing.
Five questions
Tell Tyler about your project
Questions
Ground-Up questions
Do I need experience?
For rental loans, no experience is required. For Fix & Flip, first-time investors qualify at the first experience tier with a credit score of 680 or better, a light rehab (no more than 25% of the price and $100,000), a property in a market you already know, and a projected return of at least 30%. Ground-up construction needs prior ground-up projects: 1–2 for a standard loan. A multifamily bridge needs an experienced sponsor.
What credit score do I need?
On Fix & Flip loans the minimum is 660, or 680 for borrowers at the lowest experience tiers. Lower scores, down to 600, are considered case by case. Rental loans need a mid-score of 660 or better, and ground-up loans 680. A bankruptcy or foreclosure must be at least 4 years old on a Fix & Flip loan and 3 years old on a rental loan.
Do you do ground-up construction?
Yes. Ground-up loans run from $50,000 to $1,000,000; larger loans, up to $3,000,000, are reviewed case by case by Tyler. They finance part of the land plus the construction. Tell Tyler about your project or apply online.
What is your rate?
Rates, points and fees come from a personalized quote once Tyler has seen your deal. The calculators take your own assumptions, and a rate you enter there is an assumption, not a quote.
How fast can you close?
Timing depends on the appraisal, title and how quickly documents come in. We do not publish a turnaround time yet; once we have seen your deal we will give you a realistic estimate.
Will I need an attorney opinion letter?
You will if the loan is over $1,000,000 (over $500,000 in New Jersey and New York, over $2,000,000 in Hawaii). Your own attorney issues the letter.