FundFastr.Get a Loan QuoteGround-Up Construction
Ground-up financing structured around the land, construction budget, completed value, experience, and exit strategy.
Get a Construction QuoteClear information early helps FundFastr review the applicable structure.
Two Program Paths
Generally for borrowers with 1–2 completed ground-up projects. Up to 85% total project LTC, 12 months standard, and 1–2 properties.
Generally for developers with 3+ similar completed projects. Up to 90% total project LTC with a financed interest reserve, terms from 12–24 months, and as many as 10 properties.
The current working guideline allows up to 75% of the lower of land value or purchase price, or up to 60% when unpermitted. After required plans and permits are approved following closing, a conditional catch-up draw may allow the initial advance to increase to 75%.
Eligible categories include non-owner-occupied 1–4 unit residential, townhomes, and condos. Current ineligible categories include mixed-use, 5+ units, condotels, co-ops, TICs, commercial property, log homes, properties with oil/gas leases, operating farms, ranches, orchards, vacation or seasonal rentals, and rural properties. The baseline geography excludes North Dakota, South Dakota, and Vermont.
Questions
The standard path generally expects 1–2 completed ground-up projects. The experienced-developer path generally expects 3+ similar completed projects or comparable professional development experience.
The complete requirement depends on the structure. Unpermitted projects may receive a lower land advance, and any later catch-up draw is conditional rather than guaranteed.
The current working baseline calls for at least one month of interest reserve. The final reserve and whether it is financed depend on the structure and underwriting.
Submit the Deal
Start with the core transaction details. The quote flow adapts to the financing type.
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