SPEC Construction Loans

SPEC Construction Loans for Builders
Are you a builder ready to scale your business without draining your cash reserves? Our SPEC Construction Lending Program empowers you to purchase land, build homes, and retain flexibility, all with minimal upfront capital.  We offer Ground-Up Construction Loans, done right.

Loan Highlights
Up to 90% Loan‑to‑Cost (LTC) / 75% Loan‑to‑After‑Repair Value (ARV)

New builders begin with lower LTC based on experience
Proven developers with 3+ similar projects benefit from full leverage
Land + Construction Financing — fund both acquisition and build
Terms: 12–24 months, with flexible extensions
Interest-only payments keep equity intact during construction
Industry-Leading Terms
Per current market guidelines, typical ground-up construction loan standards include:

LTC: up to 85%–90% for experienced builders; 75% for land purchase (60% if unpermitted) 
ARV: financing up to 70% 
Interest rates: generally range from 7% to 13%, with 1–4 points upfront 
Term: typically 12 months, extendable to 18–24 months

How It Works
Maximum LTC based on builder’s experience; catch-up draw upon permit approval
Interest-only disbursements tied to approved construction draws
Experience Requirements -1–2 prior ground‑up builds for starter, 3+ for full leverage 
Standard 12-month term with extensions; exit via sale or refinanced permanent loan
Maximize capital efficiency and wrap land and build into one loan
Higher leverage for proven builders up to 90% LTC
Designed for spec-home builder success
Quick closings, fund in as fast as 3 weeks
Support for various client types, including new investors and foreign nationals (with a cut to the LTC)

Who It’s For
Experienced builders: With 3 or more projects completed, will get higher leverage
Emerging builders: ready to establish track records with partner support
Foreign nationals and investors: seeking turnkey financing solutions
 
Ready to Build Without Capital Constraints?
Our SPEC Construction loans let you focus on executing your vision, not raising funds. Build faster, smarter, and with greater profit margins.

Contact us today to discuss your next ground-up project—let’s build your success together.

--My Mortgage Ace