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 up to $2,500,000 non-owner occupied property

  • 2 months of recent bank statements

  • Score and background check

  • Detailed budget of total costs



  • Max 75% LTC depending on individual project and costs

  • Will not lend more than 50% of land value

  • Rates from 9.99%

  • 9 to 18 month flexible terms

  • No prepayment penalty


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.

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.

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.