Ground Up Construction Overview:
What is Ground Up Construction?
Documents you'll need
Benefits of an ITIN Loan
Requirements for ITIN Loans
Apply today!
What is a Ground Up Construction Loan?
What are Ground Up Construction Loans?
Pro Investor Capital offers ground-up construction loans tailored for experienced builders developing 2-200 spec homes annually. Skip the bank hurdles—our loans deliver higher leverage, competitive rates, and faster closings, so you can break ground without delays.
With a simple draw process and reliable funding, we keep your project on track and on budget. No unnecessary complexity—just straightforward financing designed to help you scale efficiently.
Property Types
Ground-up construction loans for real estate investors are different from mortgages on owner-occupied properties in a few ways. First, this construction financing is a short-term loan, not a 30-year mortgage like FHA loans. The loan can be used to cover the costs of construction only, or of the purchase and construction of the property. If you choose to hold the property as a single-family rental, you may need to refinance into a permanent mortgage because the construction loan is a short-term note, unless you owned the property free and clear before beginning the construction project.
Built for investors
Unlike traditional 30-year mortgages, Pro Investor Capital’s ground-up construction loans are designed specifically for real estate investors—with flexible terms that match your strategy. Here’s how they work:
Short-term financing (typically 12-24 months) to cover land acquisition, construction costs, or both.
Convertible exit options: Hold as a rental? Refinance into long-term financing* (*unless you owned the property outright pre-construction).
Zero owner-occupancy rules: This is pure investment capital, with no FHA-style restrictions.
Speed and simplicity: Close fast, build faster, and pivot seamlessly to your next move—whether that’s a flip, refinance, or portfolio hold
Requirements for Ground Up Construction
Down Payment
Most lenders require a 20% to 30% down payment based on the total project cost (land + construction). Some programs may offer lower down payment options, but these are rare and usually come with higher rates.
Land Ownership or Purchase Contract
If you already own the land, you’ll need a clear title. If you’re buying land with the loan, the purchase must be included in the financing.
Fixed Construction Budget
A line-item construction budget must outline materials, labor, permits, and contingency funds. This allows the lender to assess cost-to-build vs. appraised value.
Solid Credit Score
Most ground-up construction loans require a minimum credit score of 680, but stronger financials or a larger down payment may offset a lower score.
While other lenders retreat from the market, Pro Investor Capital continues delivering reliable construction financing—including ground-up and new construction loans—when you need it most. Our proven programs are built to withstand market shifts, offering stability and certainty for your projects.
What you will need for a ground up construction loan:
Credit & Income Verification
Provide your credit report (lenders pull it, but check yours first). Submit 2–3 years of personal/business tax returns, recent pay stubs (W-2s/1099s), and profit/loss.
Bank & Asset Verification:
Submit 3-6 months of personal and business bank statements. Include investment/retirement account details and a list of existing debts (mortgages, loans, etc.).
Bank & Asset Statements
Submit 3-6 months of personal and business bank statements. Include investment/retirement account details and a list of existing debts (mortgages, loans, etc.).
Budget & Timeline
Provide a detailed cost breakdown (materials/labor/permits), 10-15% contingency fund, and realistic construction schedule with milestones.
Land & Permits
Lenders typically require that you already own the land or are purchasing it with the loan—learn what land requirements apply for ground-up construction loans.
Blueprints & Contracts
Blueprints must be complete and comply with local building and other regulatory codes to satisfy lender requirements for construction loans.
Expert Service Throughout the Process
Simple Process
We simplify everything—no endless documents or confusing hurdles. Just straightforward terms and a transparent process from application to funding.
Expert Service
Our dedicated loan experts bring decades of experience to every deal. As your premier mortgage lender we will craft solutions tailored to your project’s unique needs.
Quick Closing
Pro Investor Capital closes loans in as little as 5–7 days, far faster than traditional lenders. This means you secure deals before competitors even finish paperwork.
Interested in a Ground Up Construction Loan?
A Ground Up Construction Loan is ideal for:
- Homebuyers building a custom home on vacant land or a newly purchased lot.
- Real estate investors financing new construction projects, such as rental homes or multifamily properties.
- Licensed builders and developers planning spec home construction or residential subdivisions.
- Anyone looking for construction-to-permanent financing, combining the build and mortgage in one loan.
Take the Next Step
Ready to Finance Your Ground-Up Construction Project?
If you’re planning to build a new home from the ground up, securing the right construction loan is key. With competitive rates and clear requirements, these loans help you finance land acquisition, construction costs, and ensure your project stays on track without relying on expensive hard money lenders.
Contact us today to learn more about your ground-up construction loan options — let’s help you build your dream home with confidence.