Ground Up Construction for Builders
Financing built for builders who already know what they’re doing — and need a lender who keeps up.
Why Builders Use This Instead of a Bank
Traditional bank construction financing often falls short for active builders — heavy cash reserve requirements, no credit for a lot you already own free and clear, and no reimbursement if you’ve already purchased the land. Lendsure’s program is built specifically to close that gap.
- No traditional income documentation required — no tax returns, W-2s, or DTI calculation. Underwriting is based on the project, the builder’s experience, assets, and credit instead.
- Reimbursement available for lot purchases, not just new construction costs
- Designed for builders who are ready to move and don’t want bank-paced delays
What the Loan Covers
- Lot purchase reimbursement — up to 65% of the lot purchase price
- Construction costs — up to 95% of the cost to build, based on approved plans, permits, and a realistic construction budget
- SPEC builds intended for sale
- Build-to-rent projects
| Feature | Detail |
|---|---|
| Loan term | 12 or 18 months, interest-only |
| First payment | Can be delayed up to 5 months — first 4 months of interest can be stacked into the loan |
| Draw process | Milestone-based, verified by third-party inspection at each stage |
| Draw fees | Typically $150–$250 per draw |
Builder Qualification
This program is built for experienced builders — not first-time owner-builders. To qualify, a borrower generally needs:
- A track record of at least 3 completed new builds, or 2 builds plus a major renovation over $200,000
- A general contractor license
- Permits from the local authority
- Minimum credit score around 660, with no mortgage lates in the past 48 months
Pricing is determined project-by-project — Lendsure reviews the project details, the builder’s experience, assets, and creditworthiness rather than applying one flat rate to every file.
Building to Hold Instead of Sell?
If the plan is to build and hold as a rental rather than sell, Lendsure also offers a build-to-rent structure: financing up to 100% of construction costs, loan amounts up to $3,000,000, closing in the name of an LLC or S-Corp, with no DTI or income analysis required.
Once the property is built and stabilized, it can transition into a permanent rental loan (typically DSCR) — meaning the same lender can carry the project from groundbreaking through long-term hold.
From Groundbreaking to Move-In
As your project transitions from construction to a finished structure, this financing can evolve into a longer-term solution for an end buyer or into a permanent loan if you’re holding the property — supporting repeat business as you move from one build to the next.
Already working with us on fix & flip financing? This program is designed to complement that relationship rather than replace it — many builders use both, depending on the project.