Ground Up Construction Loans

Who are Ground Up Construction Loans Suited For?

Center Street Lending’s ground-up construction loans are for highly experienced individuals who are looking for a hassle-free draw process to keep their construction projects moving to completion.

Property Types We Ground Up Construction Fund

We lend on single-family residence, 2 to 4 units, townhomes, planned unit developments, or condominiums. All properties must be non-owner occupied.

How do Ground Up Construction Loans Work?

We require a minimum score of 680+ and a $250,000 loan amount. All of our loans are serviced and underwritten in-house, for 7-10 business day funding time. Once you have filled out an application and been pre-qualified for your loan you will need to provide specific documentation.

Ground Up Construction Program Criteria

To get a Ground Up Construction loan started you will need:

  • 1 Ground Up Construction project in the last 24 months or equivalent experience
  • A 680+ minimum score
  • $250,000 – $5,000,000+ non-owner occupied property
  • 2 months of recent bank statements
  • Score and background check
  • Detailed budget of total costs


  • Max 80% LTC depending on individual project and costs
  • Will not lend more than 50% of land value
  • Rates from 7.5%
  • 9 to 18 month flexible terms
  • No prepayment penalty

States We Lend

  • Arizona
  • California
  • Colorado
  • D.C.
  • Florida
  • Georgia
  • Maryland
  • North Carolina
  • Oregon
  • Tennessee
  • Texas
  • Virginia
  • Washington

Looking for lending in a state not listed? We do lend in other states on a case by case scenario. Give us a call to see what we can do for you.

Recent Deals


There is no way I would have been able to close on my purchase in the time I did if it wasn’t for Center Street’s rapid funding. They were quick and efficient right down to every detail.

Barbara T.

I appreciate how professional the staff at Center Street has been. Even when things got a bit difficult, as they do during rehab projects, it was always a pleasure to speak with everybody at the office.

Jeremy D

Jeremiah can answer all of my questions, so pleasant to deal with, hard-working, kept me informed and in the loop at every step.

Doug F.