Successful Ground-Up Construction

Ground Up Construction Loans

When it comes to construction financing, a quick closing can mean the difference between a profitable project built on time and under budget or another lost opportunity. Given the risk that comes with rapidly changing market conditions, Select Capital Funding’s deal certainty can be a game changer for the experienced builder. While banks are still in loan committee, Select Capital Funding’s construction borrowers are out of the ground and on their first or second draw. Select Capital Funding’s construction loan program is the fastest, simplest financing of its kind in the market today.

Prior to the close of a construction loan, we work closely with the applicant/owner/builder to analyze the essential elements of the project, including the budget, plans, specs, permit status, site conditions, GC and the construction team. After close, we continue to work closely with the builder throughout the construction process, up to the point of completion. Our experience, dedication, and focus are a tremendous value-add for Select Capital Funding’s and builders alike. Our many long-term construction relationships and repeat opportunities stem from Jeffery’s commitment to a quality experience and result for all involved.

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Construction Loan Program Details

Borrowing entities and credit requirements

  • Owner, builder, spec or custom home construction
  • Individuals, corporations, LLCs, partnerships, trusts, estates, international investors, etc.
  • Combine multiple borrowers or multiple entities in a single transaction
  • Select Capital Funding’s decisions are based on the quality of the project
  • Ground-up or broken priority

Property types and requirements

  • Spec residential – attached, detached, in-fill, high-end fix & flips, multi-family or broken projects
  • Commercial projects can include acquisition financing and asset repositioning
  • Ground-up or construction completion and broken priority…and we can finance the acquisition, too

Realistic construction periods

  • Up to 13 months, or more, depending upon the scope of the project
  • Can accommodate multiple phases and sensible, market-driven partial releases
  • No prepayment penalties or yield maintenance

In-house construction department

  • Select Capital Funding’s manages its own construction fund controls and inspections for projects throughout the west
  • Quick, flexible dispersals. One-week turnaround on draw requests
  • Custom draw schedules that support your project
  • Select Capital Funding’s experienced construction manager is on staff and at your service

Responsive portfolio lender

  • Select Capital Funding doesn’t rely on credit lines or depend on reselling to the secondary market
  • Offers the creativity and flexibility that comes with being a true portfolio lender
  • The ability and willingness to structure sensible solutions to your construction financing needs

Simple application process

  • Call or e-mail your Select Capital Funding underwriter your loan request
  • Apply Online it is fast and easy: 
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Fast answers

  • Same-day turnaround on Select Capital Funding’s expression of interest
  • We know our markets and can get to deal certainty while the bank is still asking questions

Loan Details

  • Loan Amounts: $100,000 to $5,000,000+
  • Loan to Cost of Land: Up to 90%*
  • Loan to Cost of Construction: Up to 90%*
  • Loan to Completed Value: Up to 70%*
  • Market Rates*
  • Prepay Penalty: None
  • Loan Term: Up to 13 months
  • Lien Position: 1st

*Qualification is based on experience and credit score

How We Do Ground-up Construction Loans?

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