Loan Programs · Ground-Up Construction

Ground-Up Construction Financing

Capital for new development, from land acquisition through vertical construction and permanent takeout, placed with banks, debt funds, and private lenders that specialize in new builds.

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Programs

From Land to Takeout

We structure every phase, from entitled land through vertical construction to permanent takeout, and line up the next piece of capital before you need it.

Commercial Construction
ProjectsMultifamily, mixed-use, hotel, industrial, retail
Capital SourcesBanks, debt funds and private lenders
FundingDraws, interest reserve available
StructureInterest-only with extensions
PricingPriced to the project
Land & Construction-to-Perm
LandEntitled land acquisition & refinance
Pre-DevelopmentBridge through permits & approvals
TakeoutBank, agency, and DSCR permanent debt
Capital StackPreferred equity & mezzanine
Construction Loan Programs

Construction Financing at Every Scale

Up to 85% LTC
Small Balance Construction
$150K–$3MM
Loan size

Best for ground-up builds and smaller projects that need high leverage and interest only on drawn funds.

Loan Size$150K–$3MM
LeverageUp to 85% LTC; 70% LTV
FundingConstruction draws, interest-only on drawn funds; interest reserve available
Rate10%–12%
Lender Origination Fee1%–2%
Term12, 18 or 24 months
Use of FundsAcquisition, construction and refinance
Property TypesMultifamily, mixed-use and commercial
LocationsNationwide
Security1st lien
RecourseVaries by transaction
PrepaymentVaries by transaction
Closing15–45 days
Land · Construction · Bridge-to-Perm
Large Balance Construction
$5MM–$100MM+
Transaction size

Best for larger land, construction and bridge-to-perm transactions in major markets.

Land$5MM–$50MM
Construction$10MM–$100MM+
Bridge to Perm$5MM–$75MM+
RateStarting at SOFR + 300 bps
Lender Origination Fee1%–2%
Term6–42 months
Use of FundsAcquisition, construction and refinance
Property TypesIndustrial and multifamily
LocationsNew York and Tri-State area, California, South Florida and select other markets
Security1st lien
RecourseVaries by transaction
PrepaymentVaries by transaction
Closing15–45 days

Indicative pricing as of October 2026. All terms subject to lender underwriting and approval and may change without notice.

What Lenders Look For

Package the Project Before It's Shopped

Construction loans are underwritten on the project, the budget, and the sponsor. Missing a piece? Submit anyway and we'll tell you what it takes to get financeable.

✓Sponsor experience with comparable projects, or a seasoned GC or partner
✓Land owned or under contract, with equity in the deal
✓Approved plans and permits, or a clear path to them
✓Detailed hard and soft cost budget with contingency
✓Clear exit: sale, refinance, or permanent takeout
Recent Construction Closings

Development Deals We've Placed

Land & Ground-Up Takeout
$9.25MM
$1.25MM land loan & $8MM development takeout
Colts Neck, NJ
Ground-Up Construction
$3.35MM
Hotel
Springfield, MO
Development
$1.258MM
Rental lodge community
Carson, WA
Submit a Scenario

Have a Scenario? Send It Over for a Same-Day Read.

Tell us about the property and the financing you need. An originator will review it and come back with what's realistic on leverage, structure, and timing.

Email the Deal Teamdeals@bluestreamcg.com
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