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Ground Up Construction

Financing ground-up construction requires the right lender and the right structure from the beginning. Development projects move through several stages, and each stage requires lenders that understand construction timelines and funding requirements. Lenova Consulting helps connect developers with construction financing designed to support projects from land acquisition through completion.

The Ins and Outs

Typical Loan Structure

• Loan amounts from $500,000 to $20,000,000+
• Loan-to-Cost (LTC) typically up to 80–90%
• Loan-to-Value (LTV) typically up to 65–75% of completed value
• Loan terms ranging from 12–24 months
• Interest-only payments during construction
• Interest reserves often built into the loan

What Lenders Look At

• Development budget and total project cost
• Projected completed value (ARV)
• Construction timeline
• Builder/developer experience
• Plans, permits, and approvals (if applicable)
• Exit strategy (sale or refinance)

Eligible Projects

• Single-family home construction
• Spec home development
• Small multifamily projects
• Build-to-sell or build-to-rent strategies

What Information Is Needed to Get Started

• Property address or land details
• Purchase price (if acquiring land)
• Total construction budget
• Plans and scope of work
• Estimated completed value
• Construction timeline
• Exit strategy

Understanding Construction Execution

Developers should have:

• Detailed scope of work
• Realistic construction timeline
• Budget aligned with market costs
• Contractor or builder identified
• Clear plan from start to completion

Common Mistakes Developers Make

• Underestimating construction costs
• Unrealistic timelines
• Overestimating completed value
• Incomplete plans or missing approvals
• Weak or unclear exit strategy

How Much? 

  • Up to 90% LTC 

  • Up to 70% ARV

  • 620+ FICO

  • 12-24 month terms available (interest only Payments) 

  • New investors OK

  • Rates low as 8.75%

  • $75,000 - $3,000,000+

  • More experience + higher credit = better terms

House Construction Site
Building Under Construction

What Kind?

  • Single family home

  • 1-4 Unit multifamily

  • New Developments

  • Townhomes/ Condos

  • Mixed use properties reviewed on a case by case basis​

Get Started Now

Whether you're building a single home, or moving on to your next big development, our network of lending facilities will get you off the ground.

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