Break Ground with
Ground-Up Construction Loans
Delayed Payment Timeline
Qualified borrowers can delay their first payment for up to five months by including the first four months of interest payments in the loan.
Flexible Documentation Requirements
We make it easy to qualify—no income documentation is required. Access the funds you need with minimal paperwork hassle.
Flexible Term Options
Choose between 12 and 18-month interest-only terms. Our flexible options designed to align with your project timeline and cash flow needs.
Program Highlights
Ground- Up Construction Loans
- LendSure will finance the cost of the lot and construction cost based on approved plans.
- LendSure may finance up to 60% of the lot purchase price.
- Loan amount is up to 85% of the construction costs, as outlined in the plans and permits.
- 12 and 18-month term options with interest-only payments.
- Financing available for SPEC builds intended for sale, as well as build-to-rent scenarios.
Have a question?
We have the answers.
Why do banks often say “no” to land loans and Ground-Up Construction loans?
Banks often require substantial cash reserves, undervalue paid-off lots as assets, and refrain from reimbursing lot purchases. Plus, smaller builders may not meet their criteria. Our Ground-Up Construction loan program offers a solution where traditional financing can’t.
Do you need to be an experienced builder to qualify for the Ground-Up Construction loan program?
Yes, the program is intended for builders with a proven track record of three new builds or a combination of two builds and a major renovation costing over $200,000.
What is the Ground-Up Construction loan pricing process like?
We review your project details, builder experience, assets, and credit to offer competitive loan pricing.
What is the minimum credit score required?
The minimum credit score required for our Ground-Up Construction loans is 680.
How long does it take to close a Ground-Up Construction loan?
The typical closing time for a Ground-Up Construction loan ranges from 25 to 45 days. This timeline can be expedited if all necessary documentation and conditions are summited promptly.
Can these loans be closed in an LLC or business entity?
Yes, our Ground-Up Construction loans can close in an LLC or business entity, providing flexibility for business-oriented borrowers.
Is Dutch Interest required?
Generally, Dutch Interest is not required for new builds. However, in certain 'near-miss' situations where standard criteria are not fully met, it may be used as a compensating factor to facilitate loan approval.
Can you cross-collateralize and use more than one property to secure a loan?
Yes, you can cross-collateralize by using more than one property.
Are permits required?
Yes, permits from the local authority are required to ensure compliance with all applicable regulations and standards for your construction project.
How does your 'holdback draw process' work? Is there an inspection involved?
Yes, our holdback draw process disburses funds in stages after each phase of work is completed and successfully passes inspection by a third-party vendor.
Is there a draw fee?
Yes, there is a draw fee that ranges from $150.00 to $250.00 per draw.
Does my contractor need a General Contractor (GC) license?
Yes, your contractor must hold a General Contractor (GC) license to ensure they are qualified to effectively manage your construction project.
Can loan origination fees be financed into the loan?
Yes, loan origination fees can be included in the loan, reducing the amount of cash needed upfront.
Is there flexibility with the first borrower payment?
Qualified borrowers can finance the first four payments into the loan. While this increases the loan amount, it allows the builder to focus on the project without worrying about cash for payments during the early stages of construction.
