
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

Terms
- 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

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Elmwood, CA
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Cape Coral, FL
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Laguna Niguel, CA
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Greenwich, CT
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Murrieta, CA