New Construction
Designed for professional residential developers seeking new construction financing. Lendmarq offers competitive terms and a custom solution to scale your development business.
Why Developers use Lendmarq Construction Financing
Land and construction in one loan
Finance the acquisition or refinance of an entitled lot together with the vertical construction budget. One streamlined facility supports the project from closing through completion.
Fast, in-house draw processing
Draw requests are managed directly by our team, with approved funds typically released within 24–48 hours after the required inspection and documentation are completed.
Contingency built into the budget
An approved contingency may be included within the project budget and leverage calculation. Contingency funds are released only for approved changes, while unused funds reduce the balance due at payoff.
Experience-based solutions
Borrowers generally need verified ground-up construction experience. In select cases, we may consider the experience of a qualified general contractor, subject to verification, a completion guaranty, and underwriting approval.
Interest on funds advanced
With an eligible non-Dutch structure, interest accrues only on funds advanced rather than the full committed loan amount helping borrowers manage carrying costs throughout construction.
Dedicated project support
A dedicated asset manager supports the project from the first draw through completion, helping coordinate draw requests, documentation, inspections, and the transition to your planned exit.
Ground-Up Construction Parameters
Tier comes first, completed ground-up builds crossed with FICO, and leverage follows from the tier. Pick your credit and experience below to see your tier and what it lends.
As-is valuePurchaseUp to 70%Rate & termUp to 65%Cash outUp to 60%Finished valuePurchaseUp to 70%Rate & termUp to 70%Cash outUp to 65%Loan capMax loan-to-costUp to 90%
Entitled lot acquisition
Shovel-ready lots with approved plans and permits, financed at close and rolled into the budget. Site work, utilities and grading are eligible hard costs.
Vertical construction funding
Fund eligible vertical construction costs from foundation through certificate of occupancy, with draws released as verified work is completed.
Tier set by completed ground-up builds and FICO. Terms are subject to change. Financing is not guaranteed. Loan terms require an application and underwriting of experience, credit, liquidity, the project and the exit strategy.
Eligible Projects
Residential and residential-density product only. If it leases to a household, it fits.
- Single Family Residence
- Townhome
- Condominium
- 2–4 units
- Min square footage required after construction for SFR or Townhome: 600
- Min square footage required after construction for Condo or 2-4 Units: 500 per unit
Not eligible
- Appraised rural properties
- Mobile or manufactured homes
- Unentitled land
- Condotels / Timeshares
- Properties currently involved in litigation or with zoning violations that can't be resolved prior to closing
- Properties located in lots larger than 5 acres
- Properties encumbered by purchase options
What To Send
Send the lot, the plan set, the line-item budget and an experience schedule together, that's usually enough for terms the same business day.
- Address and number of units
- Estimated closing date or original purchase price
- Loan Term (12-24 months)
- Entity name
- Estimated credit score
- Estimated liquidity
- Purchase price or payoff
- Property As-Is Value
- Property ARV
- Total Rehab Budget
- Previously Completed Rehab (Refinance Only)
- Previously completed projects within last 3 years
- Requested Loan Amount
Building to rent? Explore our 30-year DSCR takeout options.
Explore DSCR RentalQuestions Developers Ask
What loan amounts are available?
Ground-Up Construction loans generally start at $150,000 and are available up to $3 million, subject to borrower experience, credit profile, project economics, valuation, and underwriting. Larger or more complex requests may be reviewed individually.
What types of ground-up construction projects does Lendmarq finance?
Lendmarq finances ground-up construction of non-owner-occupied residential properties containing one to four units, including single-family homes, townhomes, condominiums, duplexes, triplexes, and fourplexes. Properties must generally be held fee simple and intended for sale or use as an investment property.
Do borrowers need prior construction experience?
Prior ground-up construction experience is strongly preferred and directly affects eligibility and leverage. Experience should generally involve projects completed within the past three years and must be supported through documents such as permits, certificates of occupancy, settlement statements, public records, or construction contracts. Verified general-contractor experience may also receive consideration.
What credit score is required?
The minimum qualifying credit score is generally 660 for each guarantor. All loans require personal guarantees from individuals representing at least 51% of the borrowing entity’s ownership, unless an exception is approved.
Are approved plans and permits required before closing?
The property must be entitled for the proposed project. Approved plans and permits are preferred before closing. Projects that are still awaiting final approvals may be considered case by case, but they may be subject to additional review, reduced initial proceeds, or funding holdbacks until the required approvals are obtained.
How are construction funds disbursed?
Construction funds are typically held in escrow and released through draws as work is completed. Each draw is generally supported by an inspection, invoices, lien releases, and other applicable documentation. Initial loan proceeds and the construction escrow are determined separately based on the property’s cost basis, as-is value, construction budget, and completed value.
What are the typical loan terms and repayment options?
Ground-Up Construction loans generally offer 12- to 24-month, interest-only terms. Borrowers must provide a clear exit strategy, typically the sale of the completed property or refinancing into permanent rental financing. Final terms depend on the borrower, property, market, project scope, and approved loan structure.
Ready to Build? Let's Talk.
Price your Ground-Up Construction loan or connect with our team to discuss your project.