Land + vertical construction
Evaluate land acquisition or contributed land value together with an approved vertical budget.
Construction Loan
Ground-Up Construction financing
Construction financing evaluated through the land, plans, budget, completed value, sponsor liquidity, build team, schedule, and exit. First-time builders may be considered when paired with a qualified general contractor or guarantor.
Submitting a request does not create a loan commitment. Terms are indicative until underwriting, diligence, documentation, and credit approval are complete.
Published Program Parameters
Ground-Up Construction terms at a glance
These figures are program parameters, not a quote. The complete transaction determines available leverage, structure, pricing, and approval.
- Loan Amount
- Up to $5M (residential)
- Term
- 12–24 months, extension options available
- LTC
- Up to 95%
- Completed Value
- Up to 75% of appraised ARV
- Experience
- Not required when paired with a qualified GC or guarantor
- Credit
- 680 minimum
- Draws
- Virtual, typically 24–48 hours
LTC is the lesser of 70% of appraised land value plus 100% of construction budget, or 95% of total project cost.
Use Cases
When Ground-Up Construction may fit
The loan category is the starting point. Property, sponsor, leverage, timing, and exit still have to work together.
Residential development
Finance qualified non-owner-occupied residential construction within the published residential program range.
Experienced-team pairing
Consider a first-time sponsor when the project includes a qualified general contractor or experienced guarantor.
Underwriting Lens
What the first review tests
A useful submission explains the transaction in numbers and shows how the intended outcome will be reached.
- Land basis, ownership, and existing debt
- Plans, permits, and municipal status
- Hard costs, soft costs, contingency, and interest carry
- General contractor qualifications and delivery team
- Sponsor credit, equity, liquidity, and reserves
- Completed value and sale or refinance exit
Submission Checklist
What to assemble
- Purchase agreement, deed, or land payoff
- Plans, specifications, and permit status
- Line-item hard- and soft-cost budget
- Construction schedule and draw plan
- GC license, insurance, resume, and comparable projects
- Completed-value support and exit assumptions
Illustrative Review
How the pieces are read together
A sponsor controls a buildable lot, has plans in municipal review, a line-item budget, a licensed GC with comparable projects, and an intended sale at completion. RAMM would reconcile land value, total project cost, budget, team, liquidity, schedule, completed value, and exit before sizing the request.
Illustrative only. This example is not an offer, approval, representation of available terms, or promise that a similar request will qualify.
Common Friction
What can slow the file down
- Budget totals that do not reconcile to plans or bids
- An unresolved entitlement or permit path
- Insufficient contingency, carry, or post-close liquidity
- A build team without relevant delivery history
- A completed value or absorption timeline unsupported by the market
Frequently Asked Questions
Ground-Up Construction questions
Can a first-time builder qualify?
Experience is not required in every case when the borrower is paired with a qualified GC or guarantor. The land, budget, liquidity, credit, team, and exit still must satisfy underwriting.
How are construction proceeds advanced?
Construction funds are generally advanced through draws tied to verified progress and the approved budget. Published virtual draw timing is typically 24–48 hours, subject to the complete request and inspection process.
Does 95% LTC mean 95% of every project cost?
No. Published LTC is the lesser of 70% of appraised land value plus 100% of the construction budget, or 95% of total project cost, and remains subject to underwriting.
Bring Us the Scenario
Submit a Ground-Up Construction scenario
Send the property, request, sponsor, timing, and exit. A complete file produces a faster and more useful preliminary review.
Submitting a request does not create a loan commitment. Terms are indicative until underwriting, diligence, documentation, and credit approval are complete.