Ground Up Construction

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 Pre-Approved >

Get Funded

We can fund loans faster and lend on construction projects that others may not.

Apply Now >

Program Overview

Loan Amount (Commercial)$250k – $3.25M
Loan Amount (Resi on Indiv SFR)$250k – $1.25M
Property TypesSFRs, Townhomes, Multifamily and Mixed-Use, Commercial, Strip malls, Warehouses, etc.
Max LTVUp to 70% 
Max ACVUp to 85%
Funded on DrawsAfter Inspection
Title CommitmentRequired
Min FICO600

Industry Leading Lender

Propel Real Estate Capital and it’s affiliates have lent over $1B in asset based funding. We have the industry expertise to successfully manage and close your next construction 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
  • Tax Returns (if available)

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