100% rehab funds
Ground-Up Construction
Ground-up construction loans for residential properties. Financing for builders and developers from land acquisition through completion. Up to 90% LTC with interest-only during construction.
Up to 90% LTC Land to completion Interest-only during construction Draw schedule funding
Loan Range
$200K – $5M
Max LTC
90% of Total Cost
Max LTV (ARV)
70% of ARV
Closing Time
14–28 Days
Property Type
Residential New Construction
Borrower Type
Builder / Developer
Program Parameters
| Parameter | Details |
|---|---|
| Loan Range | $200K – $5M |
| Max LTC | 90% of Total Cost |
| Max LTV (ARV) | 70% of ARV |
| Closing Time | 14–28 Days |
| Property Type | Residential New Construction |
| Borrower Type | Builder / Developer |
| Tax Returns | Not Required |
| Loan Term | 12–24 Months |
Eligible Property Types
Single Family New Construction2–4 Unit New ConstructionSpec Homes
Frequently Asked Questions
What is a ground-up construction loan?
A ground-up construction loan finances the entire process of building a new residential property from raw land or a cleared lot through completion. Funds are disbursed in draws as construction milestones are reached and inspected.
What is the maximum LTC for a ground-up construction loan?
Cressida Direct's ground-up construction program finances up to 90% of total project cost (land + construction), subject to a maximum of 70% of the completed property's appraised value (ARV). The borrower must contribute at least 10% equity.
How does the draw schedule work for construction loans?
Construction funds are held in a controlled account and released in draws (typically 4–6) as each phase of construction is completed and verified by an independent inspector. Interest is charged only on the drawn balance, keeping carrying costs low during construction.
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Download the Ground-Up Construction Overview
Get the full program parameters, eligible property types, underwriting criteria, and sample transaction in a single-page PDF — formatted for easy sharing with borrowers and referral partners.