Get Started With Construction Funding
Our Ground Up Construction Loan program offers a simple and efficient financing option for building single-family homes, multi-family developments, and mixed-use properties that are entitled or ready for construction. This loan is an ideal solution in the following scenarios:
- Experienced builders or developers looking to start a new project quickly, without the delays of traditional bank financing.
- Contractors who own land that’s entitled or shovel-ready but need funding to break ground and begin construction.
- Fix-and-flip projects requiring extensive renovations, such as vertical expansions or major horizontal additions to the property.
This program is tailored to help you get your project moving faster.
Connect with Us
Contact one of our Loan Advisors to start the application and document collection process.
Get Funded
We can fund loans faster and lend on construction projects that others may not.
Program Overview
| Loan Amount (Commercial) | $250k – $3.25M |
| Loan Amount (Resi on Indiv SFR) | $250k – $1.25M |
| Property Types | SFRs, Townhomes, Multifamily and Mixed-Use, Commercial, Strip malls, Warehouses, etc. |
| Max LTV | Up to 70% |
| Max ACV | Up to 85% |
| Funded on Draws | After Inspection |
| Title Commitment | Required |
| Min FICO | 600 |
Industry Leading Lender
Propel Real Estate Capital and it’s affiliates have lent millions in asset based funding throughout Texas. We have the industry expertise to successfully manage and close your next project. Reach out today at (855) 202-3726.
Required Documentation
To help you get started these are some of the documents you may be required to present as part of the loan underwriting process. Other documentation may also be required.
PROPERTY DOCUMENTS
- Purchase Contract
- Payoff Statement (if Refinance)
- Plans & Permits
- Sources & Uses of Funds
- Scope of Work
- Appraisal & Feasibility Report
PERSONAL DOCUMENTS
- Loan Application (Download)
- Track Record (Download)
General Contract Resume - Last 3 Months of Bank Statements
- Driver’s License (Front & Back)
- Passport/Visa (if Foreign National)
BUSINESS DOCUMENTS
- Articles of Incorporation
- Operating Agreement (LLC) or Bylaws (Corp.)
- EIN Letter