Build new 1-4 unit residential properties from the ground up with specialized construction financing. At Convoy Home Loans, we help experienced real estate investors in San Diego, El Segundo, and across the United States fund ground-up construction projects on owned land with competitive terms and streamlined processes.
A Ground Up Construction Loan is a short-to-medium-term financing solution that funds the entire construction of a new 1-4 unit residential property, including labor and materials.
These loans are designed exclusively for investors and are based on the project's after-completion value rather than the borrower's personal income.
Program Highlights:
Property Type: 1-4 unit residential properties · Land: Must be owned free and clear with permits issued by closing · Occupancy: Investor only · Lending Area: Nationwide · Minimum Loan Amount: $150,000+ · Loan-to-Cost (LTC): Up to 85% · Experience Required: Minimum 3 construction projects in the last 3 years (at least one must be Ground Up Construction) · Income Documentation: Not required
Finance most of the construction costs with less capital tied up.
Qualification based on the project, your experience, and exit strategy.
Build in any market across all 50 states.
Some programs allow conversion to permanent financing upon completion.
Funds released in stages as construction milestones are met.
Designed for building rental properties, short-term rentals, or spec homes for sale.
In high-demand tourist markets like San Diego, this approach can dramatically improve approval odds and loan sizing.
Must have completed at least 3 projects in the last 3 years (including one ground-up).
Short-term construction loans typically carry higher rates than permanent mortgages.
Land must be owned and all permits issued before closing.
Delays can increase holding costs and interest.
Lenders require a clear plan (sell, refinance into DSCR, etc.).
For buyers planning shorter stays, we often recommend exploring our adjustable-rate mortgage options instead.
This program is ideal for:
✓ Seasoned real estate investors with proven ground-up construction experience
✓ Builders creating new rental or short-term rental inventory
✓ Investors who already own entitled land ready for construction
✓ Those looking to build 1-4 unit properties nationwide
✓ Experienced flippers expanding into new construction
✓ High-net-worth individuals seeking custom-built investment properties
We review your construction experience, plans, budget, and ARV.
You must own the land free and clear with all permits issued.
Initial funds disbursed to begin construction.
Funds released in controlled draws based on inspection milestones.
Project completion followed by sale or refinance into a long-term loan (DSCR, etc.).
Our team works closely with you and the lender to keep the draw process efficient and transparent.
Loan Type | Purpose | ltc/Ltv | experience required | term | income docs |
|---|---|---|---|---|---|
Ground Up Construction | New Build from Scratch | Up to 85% LTC | High (3 projects) | 12-24 months | None |
Bridge Loan with Rehab | Purchase + Renovation | Up to 90% LTC | Moderate | 6-18 months | None |
Investor X (DSCR) | Purchase Existing | 75-80% LTV | Low | 30 years | None |
Short Term Rental | Purchase Existing STR | 75-85% LTV | Low | 30 years | Minimal |
As a nationally licensed mortgage broker (NMLS #2130517) with offices in San Diego and El Segundo, we have strong relationships with specialized construction lenders across the country. Our mission is to provide financing options that enhance your standard of living while treating you like family.
We understand the complexities of ground-up construction and deliver the expertise and speed experienced investors demand.
Ready to build new investment properties from the ground up? Get pre-approved today - no obligation.
Ready to build new investment properties from the ground up? Get pre-approved today - no obligation.
Typically 30-50% higher than a 30-year loan, depending on rate and loan amount. We'll run exact numbers for you.
You must have completed at least 3 construction projects in the last 3 years, with at least one being a ground-up construction project.
No - these loans do not require personal income verification or tax returns.
Yes - we can finance ground-up construction projects in all 50 states.
$150,000 and above.
You can sell the property or refinance into a permanent loan such as Investor X (DSCR) or a traditional investment mortgage.
Real Estate Investor Lending · NMLS #2130517 · Licensed Mortgage Broker
AZ · CA · CO · FL · GA · ID · MD · MI · MN · NC · NM · OH · OR · PA · TN · TX · VA · WA and more
This is not a commitment to lend. All loans subject to credit approval. Equal Housing Lender.
A 30-year fixed-rate mortgage is the most popular home loan in America. It features a constant interest rate and unchanging monthly principal-and-interest payments over the full 30-year (360-month) term.
Your rate is set at closing and never changes - even if market rates rise or fall. This predictability makes budgeting straightforward for decades.
At Convoy Home Loans, we shop multiple lenders to find you the best fixed rate available for your situation.
For buyers planning shorter stays, we often recommend exploring our adjustable-rate mortgage options instead.
This loan suits:
We guide you through every step with transparent communication.
| Loan Type | Monthly Payment | Interest Rate Stability | Best For | Total Interest |
|---|---|---|---|---|
| 30-Year Fixed | Lower | Fixed entire term | Long-term homeowners | Higher |
| 15-Year Fixed | Higher | Fixed entire term | Faster payoff | Lower |
| Adjustable-Rate (ARM) | Varies | Changes after intro | Short-term stays | Varies |
As a nationally licensed mortgage broker (NMLS #2130517), we offer access to a wide range of programs with competitive rates. Our mission is simple: provide financing options that enhance your standard of living while treating you like family.
Clients love our fast closings, personalized advice, and ability to beat big-bank offers.
Ready to get started? Speak with a loan officer today - no obligation.
Convoy Home Loans · NMLS #2130517 · Licensed Mortgage Broker
AZ · CA · CO · FL · GA · ID · MD · MI · MN · NC · NM · OH · OR · PA · TN · TX · VA · WA and more
This is not a commitment to lend. All loans subject to credit approval. Equal Housing Lender.