Ground Up Construction
Build from the ground up with flexible financing tailored to your residential and commercial construction projects.
Building Your Vision from the Ground Up
We specialize in providing ground-up construction loans designed to bring your vision to life. Whether you’re planning a residential or commercial building project, our tailored financing solutions support every stage of construction. Our loans are designed to be straightforward and accessible, providing you with the resources needed to succeed. Explore our ground-up construction loans to discover:
A ground-up construction loan is a specialized type of financing used to fund the building of a new construction project from the ground up. It covers the costs of developing residential or commercial properties when there is no existing structure to renovate or improve.
What is a ground-up construction loan?
How does a ground-up construction loan work?
Ground-up construction loans provide funding in stages, known as draws, as the construction progresses. These loans typically cover the land purchase, construction costs, and sometimes the permanent mortgage. The lender releases funds based on milestones, and inspections are conducted to ensure each stage of the project meets specific standards before additional financing is approved.
Who should consider a ground-up construction loan?
Ground-up construction loans are ideal for real estate developers, investors, and sometimes prospective homeowners who want to custom-build their homes. They are crucial for projects that involve starting from scratch, providing the necessary funds at each construction phase.
What are the advantages of using rehab financing?
The key advantage of rehab financing is its ability to provide immediate funding for property improvements, which can significantly increase the property's value and appeal. This is ideal for flipping houses or enhancing rental properties to yield higher rents. Additionally, rehab loans can consolidate the purchase price and renovation costs into a single loan, simplifying the financing process.
How do I qualify for a ground-up construction loan?
Qualifying for a ground-up construction loan generally requires a detailed project plan, including budgets, timelines, and blueprints. Lenders also look for a proven track record in construction or substantial equity in the project. Additionally, a good credit score and financial stability are essential to secure this type of financing.
Our loans cover a wide range of ground-up construction needs.
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Ensure your project starts on solid ground with financing for site preparation and architectural design.
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Benefit from professional construction project management services to streamline your building process.
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Whether you’re developing a new residential community or a commercial property, our ground-up construction loans are designed to support your goals
Unlock the Potential of Ground-Up Construction
Starting a construction project from scratch requires significant financial resources and expert guidance. Our ground-up construction loans offer flexible terms and competitive rates, ensuring you have the support needed to manage costs and timelines effectively. With our financing, you can focus on the critical aspects of building design and planning while we handle the financial complexities.
Get in touch.
Contact HMMB Funder today to schedule a consultation with one of our expert advisors. We look forward to helping you achieve your financial goals.
Please fill out the form below to get in touch with our team.
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