Ground-Up Construction
Loans
Finance your single-family home construction projects from the ground up. We provide the capital and flexibility you need to bring your vision to life.
Up to 85% LTC
Competitive loan-to-cost financing
Flexible Draw Schedule
Get funds as you reach milestones
Interest-Only Payments
During construction period
Loan Details
Construction Process
Submit Plans
Provide construction plans, budget, and timeline for review.
Loan Approval
Get approved and close on your construction loan.
Draw Funds
Receive draws as you complete construction milestones.
Complete & Exit
Finish construction and sell or refinance into long-term financing.
Requirements
- Detailed construction plans and specifications
- Itemized construction budget
- Construction timeline and milestones
- Licensed and insured general contractor
- Proof of experience with similar projects
Frequently Asked Questions
What is a ground-up construction loan?
A ground-up construction loan helps investors and builders finance a new home on a lot, such as a spec home to sell or a build-to-rent property. These are business-purpose loans. SpaceCoast Unlimited is a loan broker, not a lender: we connect you with lenders we work with, and lenders make all credit decisions.
How do construction draws work?
Instead of releasing all the money at once, construction lenders commonly release funds in draws as construction milestones are completed. Many lenders check progress, often through an inspection, before releasing each draw. The draw schedule and process vary by lender, so ask how a specific lender handles it.
What do lenders review for a construction loan?
Requirements vary by lender, but lenders commonly ask for detailed construction plans and specifications, an itemized construction budget, a construction timeline with milestones, and your experience with similar projects. Lenders also want to understand your exit, whether you plan to sell the finished home or rent it and refinance.
Can I get a construction loan to build on a lot I already own?
It depends on the lender. Some construction lenders work with borrowers who already own the lot. Share the lot details, your plans, and your budget when you request a quote, and we'll look for lenders we work with whose guidelines may fit your project.
Can I refinance a finished build into a DSCR rental loan?
Often, yes, once the home is complete and rented. Many investors who build to rent plan a DSCR refinance as their exit. Eligibility depends on the DSCR lender, the property, and your file, and program availability varies by lender, property, and location.
What should I have ready to request a quote?
Have the property address, purchase price, rehab budget, ARV (after-repair value), your completed flips or experience, and an estimated credit score. Requesting a quote is free, and we follow up within 24 hours. SpaceCoast Unlimited does not pull credit. Lenders may run a soft credit inquiry to provide a quote, which does not affect your credit score.
Request a free quote · 321-499-2652 · tommy@spacecoastunlimited.com · Mon–Fri 8am–5pm ET. · Follow us on Facebook
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SpaceCoast Unlimited is a loan broker, not a lender. All loans subject to lender approval. Business-purpose loans only.