Ground-Up Construction Loans

Ground-Up Construction Loans are specifically designed for investors, builders, and developers who want to build new residential properties from scratch. These loans help finance both land acquisition and construction costs, streamlining your funding into one convenient solution.

Typical Costs and Loan Details:

• Loan-to-Cost (LTC): Typically covers up to 85-90% of total project costs, including land purchase and construction.

• Interest Rates: Usually range between 8% to 12%, depending on borrower experience and project specifics.

• Loan Terms: Generally short-term, around 12-18 months, interest-only.

• Origination Fees (Points): Typically 2-3% of the total loan amount.

• Closing Costs: Usually about 3-5% of the loan amount, depending on the project's complexity and location.

At FlipSmart Loans, we've been there. Our deep experience in construction and investing means we understand your needs and challenges. Let us help simplify your next build from the ground up.