We fund up to 90% of the land purchase and 100% of construction costs, up to 95% of total project cost. Our loans are asset-based, with no tax returns or income verification, so we underwrite the project, the plans and the builder.
Free quote · no credit pull required · fund in as few as 5 days.
A ground-up construction loan pays for the lot and for everything you build on it. Instead of buying land with one loan, then hunting for construction money with another, you close once. We look at the land price, the plans and budget, the builder and what the finished project should be worth. We don’t ask for tax returns or income verification, so self-employed builders and investors can compete on the strength of the project.
The construction portion is held back and released in staged draws as each phase of the build is completed, so your money follows the work.
See What My Build Qualifies For →You buy a lot for $150,000, budget $300,000 to build, and the finished home should be worth $650,000:
| Land funded (90%) | $135,000 of the $150,000 price |
| Construction funded (100%) | $300,000, released in draws |
| Three limits | $435,000 (90% land + 100% build) · $427,500 (95% LTC) · $487,500 (75% of ARV) |
| Total loan | $427,500, the smallest of the three |
| ARV check | About 65.8% of the $650,000 finished value |
| Your cash in | About $22,500 plus costs |
Illustrative only. Actual leverage, rate, points and costs vary by project, borrower and program. Closing costs, points and interest are additional.
Your loan is the smallest of the three limits. When the finished value is strong, the LTC cap usually sets the number, and when the value is tight, the ARV cap does.
Build it, then sell it
Single-family homes built to sell, with the lot and the build funded together.
Make the most of the lot
Teardowns and vacant in-town lots where a new build is worth far more than the dirt.
Multiple units, one loan
Townhome projects financed on total cost and the combined finished value.
Build the cash flow
New-build duplexes and small apartment buildings, with a permanent exit lined up.
Build, lease, refinance
Finish construction, lease it up, then exit into a Cambridge long-term DSCR loan.
Close your way
Hold title in an LLC or other entity. Foreign nationals are welcome.
We fund up to 90% of the lot price when you close, so you own the site and can start work.
The construction budget is agreed before closing. Each line is reviewed so you know what’s covered.
As each phase is completed, you request a draw. Funds go out as the work is verified, not before.
Draw schedules and verification steps are set in your loan documents.
| Feature | Cambridge Ground-Up | Traditional Bank Loan |
|---|---|---|
| Qualifies on | The project: land, plans and ARV | Your income and debt-to-income ratio |
| Documents | No tax returns or income verification | Tax returns, W-2s, financial statements |
| Land + build | One loan, one closing | Often a separate land loan first |
| Leverage | Up to 95% LTC, 90% of land | Often requires larger equity |
| Payments | Interest-only during the build | Varies by lender |
| Speed | As few as 5 days | Often 45-90+ days |
| Ownership | LLC or entity welcome | Often an individual borrower |
Bank column is a generic composite of commonly seen terms as of 2026, subject to change, and does not describe any specific lender.
Enter your project to estimate your loan, leverage and profit. Illustrative only.
Illustrative only; not a commitment to lend. Loan = lesser of (90% of land + 100% of construction), 95% of total cost, or 75% of ARV. Interest assumes the full loan is drawn for the whole hold, which overstates cost because construction is drawn over time. Rate and points are examples; your terms depend on the project and borrower. Excludes closing, title, insurance and selling costs.
| Leverage | Up to 95% LTC · 90% of land · 100% of construction · up to 75% of ARV |
| Rate | From 7.875% |
| Term | 12-18 months, interest-only, with extension options |
| Income | No tax returns or income verification; asset-based underwriting |
| Project documents | Land contract or deed, plans, itemized construction budget and builder information |
| Valuation | Appraisal or valuation supporting the as-completed value |
| Borrower | Individual, LLC or entity; foreign nationals OK; brokers welcome |
| Verification | Government ID, entity documents and proof of funds for your cash to close |
Requirements shown reflect our strongest profiles and may vary by project, borrower and market conditions.
Send the lot address, land price, plans, construction budget and expected value.
We send a term sheet with your rate, leverage and costs, so you know your options before you commit.
Appraisal, title and insurance move side by side, and we review the builder, budget and entity documents.
Close in as few as 5 days, break ground, and request staged draws as each phase is completed.
An asset-based loan that finances the land and the construction of a new building in one closing. It is underwritten on the project: the land price, the plans and budget, and the finished value.
No. Our construction loans are asset-based, so we do not require tax returns or income verification.
Up to 90% of the land purchase and 100% of construction costs, up to 95% loan-to-cost and up to 75% of the as-completed value. Your final amount is the smallest of those limits and is set in underwriting.
The construction budget is held back at closing and released in staged draws as phases of the build are completed.
Rates start at 7.875%. Terms are 12-18 months, interest-only, with extension options. Your exact pricing depends on the project, leverage and experience.
As fast as 5 days on well-prepared files. Timing depends on appraisal, title, insurance and how quickly plans and documents come back.
No. We can fund up to 90% of the land purchase and the build together, so you can buy the lot and start construction on one loan.
Spec homes, infill lots, townhomes and small multifamily, in all 50 states. Primary residences for personal use are not eligible.
Yes. You can get a free quote without a credit pull. Credit is reviewed later, in underwriting, if you move forward.
Yes. If you plan to rent instead of sell, many investors exit into a Cambridge DSCR loan (the build-to-rent or BRRRR strategy).
Yes. LLCs and foreign nationals are OK, and brokers can submit deals for their borrowers.
Talk to Cambridge Capital and get a free quote with no credit pull. Fund in as few as 5 days.
© 2026 Cambridge Capital · Commercial Real Estate Finance. Ground-up construction loans are business-purpose loans for non-owner-occupied investment properties and are not available for primary residences. Rates, leverage, terms and closing timelines are illustrative, subject to change without notice, and subject to borrower, project and deal qualification and underwriting approval. “Rates from 7.875%,” “up to 95% LTC,” “90% of land,” “100% of construction,” “up to 75% of ARV” and “close in as few as 5 days” reflect the strongest profiles and are not a quote or commitment to lend. Calculator results and examples are illustrative and exclude closing costs. Comparison figures are generic market composites and are not the terms of any specific lender. This page is informational and does not constitute financial, legal, tax or investment advice.
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