Construction Development Loans Nationwide, $150K to $100M
ποΈ Ground-Up and Development CapitalI’m Kevin Kermeen, a nationwide commercial loan broker and a real business owner, not a banker. I arrange construction development loans for ground-up projects, redevelopment and value-add … commercial, multifamily, industrial and mixed-use. When the bank wants 40% equity and a six-month wait, I find the lender who will actually fund your build.
$6.5M Ground-Up Project Funded When the Bank Wanted 40% Down
A developer in Arizona had a shovel-ready $6.5M mixed-use project with permits in hand and a general contractor signed. His bank suddenly wanted 40% equity and a 90-day underwrite, and the land closing was three weeks out.
He called me. I placed the deal with a development lender in my network at a blended LTV and LTC structure, funded in draws, and got him a term sheet in four days. He broke ground on schedule.
That is the difference between one rigid bank box and a 75-lender network. Don’t Beg the Bank! Get funded instead.
How Construction Development Loans Are Sized: LTC and LTV
This is where most developers get tripped up, so let me make it simple. Construction development loans are sized on two numbers at once, and the lower one governs how much you can borrow. Knowing this before you apply is the difference between a clean approval and a surprise equity gap at closing.
Loan-to-Cost (LTC)
LTC measures the loan against what you spend to build … land, hard costs, soft costs and contingency. During construction the building has no finished value yet, so lenders lead with LTC. On qualified large deals I can place up to 90% LTC.
Loan-to-Value (LTV)
LTV measures the loan against the as-completed appraised value once the project is built and stabilized. The lender takes the lower of the LTC number and the LTV number … that blend is what your construction development loans are actually sized to.
Strong value-creation plays benefit from the spread: if you build something worth far more than it costs, the LTV side gives you room. I structure your file to present both numbers in the best light and bring in the right lender for the gap.
Construction Development Loans for Every Project Type
From a single ground-up build to a phased development, I have the capital and the lenders to fund it in draws. Here is how I structure construction development loans across the most common scenarios.
Ground-Up Construction Development Loans
Build new commercial, multifamily, industrial or mixed-use from the dirt up. Funded in draws against a verified budget and schedule.
Construction to Permanent
A single structure that funds the build, then converts to long-term financing at completion … no second closing, no refinance risk.
Redevelopment and Heavy Value-Add
Substantial rehab or redevelopment of an existing building … gut renovation, expansion or repositioning to a higher and better use.
Land and Lot Development
Acquisition and horizontal development of entitled land … grading, utilities and infrastructure to get a site shovel-ready.
Bridge and Hard Money
Fast, asset-based capital to close on land or a stalled project before a competitor takes it, then move into a full construction facility.
Mezzanine on Large Projects
On larger developments, mezzanine capital layers behind the senior construction loan to fill the equity gap and boost total leverage.
Construction is one of many property types I finance. Explore the rest of my commercial real estate loans … multi-family apartment loans, warehouse and industrial, commercial term loans, owner-occupied bridge and office buildings. Building to rent? See my flex building loans, or use an SBA 504 or 7a loan for owner-occupied construction. Funding the business too? See my small business loans.
Tell Me About Your ProjectConstruction Development Loan Guidelines Most Brokers Never Show You
Transparency builds trust. Below is a practical summary of the construction development loans I actually place. I am not a bank and I do not push one-size paper … I work a private network across short-term, bridge, hard-money, mezzanine and long-term capital. Final terms depend on the budget, sponsor experience, equity, exit strategy and lender underwriting.
| Program | Typical Leverage | Typical Term | Best For |
|---|---|---|---|
| Ground-Up Construction | Up to 90% LTC* | 12 to 60 mo*, I/O draws | New commercial, multifamily, industrial |
| Construction to Permanent | LTV / LTC blend | Build then 5 to 30 yr | Build-and-hold with no second closing |
| Redevelopment / Heavy Value-Add | Up to 85% of cost | 12 to 36 mo, I/O | Gut rehab, expansion, repositioning |
| Bridge / Hard Money | Up to 75% | 6 to 24 mo, I/O | Land close or stalled project, fast |
| Mezzanine (large deals) | Fills equity gap | Behind senior debt | Boosting leverage on $5M+ builds |
Swipe to see all columns β
*Up to 90% leverage applies only to qualified large-deal construction and development from $5M to $100M, sized as an LTV and LTC blend (the lower of loan-to-cost and as-completed loan-to-value governs), with 12 to 60 month terms and funding released in draws against verified progress. Smaller and higher-risk projects are sized more conservatively. Final leverage, term and pricing depend on budget, sponsor experience, equity, exit and lender underwriting. This is not a commitment to lend.
Term Sheet in 3 to 5 Days. Funded in Draws.
Construction development loans move on documentation and sponsor strength. Here is how I move your file while the bank is still asking for more equity.
Send the Project
Budget, plans, permits, your experience and exit strategy. The more lender-ready your documentation, the faster I move.
Term Sheet 3 to 5 Days
I match your construction development loans file to the development lender most likely to fund the build.
Underwrite and Close
I package the budget, draw schedule and appraisal so the LTC and LTV both present clean and the deal closes.
Fund in Draws
Capital releases in stages against verified progress, with interest only on what you have drawn … not the full commitment.
Who These Construction Development Loans Are, and Are NOT, For
I qualify deals honestly so neither of us wastes time. Construction is the hardest CRE to fund, so I am straight with you up front. If you’re on the left, call me today.
β This IS for you ifβ¦
- βYou have a real budget, plans and a path to permits on a commercial or multifamily build.
- βYou can bring 20 to 35% equity, or land already owned that counts toward it.
- βYou have construction or development experience, or a strong GC and team behind you.
- βYou have a clear exit … sell, lease-up and refinance, or construction-to-perm.
- βYour bank wants too much equity or is moving too slow for your closing.
π« This is NOT for you ifβ¦
- βYou have an idea but no budget, no plans and no permits in sight.
- βYou expect 100% financing with no equity and no land.
- βYou have no construction experience and no team to execute.
- βYou’re building a primary residence to live in … that’s a residential loan.
- βYou’re “just exploring” with no site and no numbers.
Tell Me About Your Project
Sixty-second construction development loans application. I personally review every submission, no call center, no junior rep.
Got it. I’m on it.
Your construction development loans request landed in my inbox. I personally review every submission and most responses go out within one business hour.
Watch for a call from me, Kevin Kermeen, I call directly, I don’t text.
Recent Construction Development Loans From My Desk
A snapshot of the construction development loans I close. Every project is different, yours starts with a conversation.
$6.5M Β· Mixed-Use Ground-Up, AZ
Shovel-ready project funded in draws on a blended LTV and LTC structure after the bank demanded 40% equity.
$12M Β· Multifamily Build, TX
Construction-to-permanent structure that funded the build and converted to long-term debt with no second closing.
$3.8M Β· Industrial Spec, FL
Ground-up warehouse with mezzanine layered behind the senior loan to fill the developer’s equity gap.
How I Structure Construction Development Loans That Actually Close
Most brokers quote a rate and disappear. I structure construction development loans around your budget, your experience and your exit, then match the file to the development lender most likely to fund the build fast. On a ground-up project the structure matters far more than the rate sheet, because the wrong structure leaves you with a half-funded job.
Construction underwriting is its own world. Lenders scrutinize the budget line by line, the contingency, your track record, the general contractor, the draw schedule and the exit. They size the loan on the lower of loan-to-cost and as-completed loan-to-value, then require third-party inspections before each draw releases. I package your construction development loans file so every one of those boxes is answered before the lender asks, which is how a term sheet lands in days instead of months.
Here is the honest difference. A bank runs your build through one rigid box, demands 35 to 40% equity, and takes 60 to 90 days to decide. I work a private network of development lenders, debt funds and bridge capital, so your construction development loans get shopped to the lenders who actually want ground-up paper … including debt funds that price on the deal, not just your personal credit.
On qualified large deals from $5M to $100M, I can place up to 90% leverage as an LTV and LTC blend, with mezzanine layered behind the senior loan to fill the equity gap. On a build-and-hold, I will set up construction-to-permanent so there is no refinance risk at completion. Every deal is structured to your project and your plan, not forced into a one-size box. Don’t Beg the Bank! Get funded instead.
Straight Answers Before You Apply
How much can I borrow with construction development loans?
How much leverage can I get on a construction loan?
What is the difference between LTC and LTV on a construction loan?
How are construction development loans funded?
Do you offer construction-to-permanent loans?
What does it cost to work with you?
Construction and Development by Industry
I fund ground-up construction and development for manufacturers building or expanding their facilities. Find your industry below.
A Construction Loan Advisor Who Knows How Lenders Underwrite a Build
I’m Kevin Kermeen, the nationwide commercial loan broker behind 75BizLoans.com, and a real business owner, not a banker. I get capital into the hands of developers and builders, and I review every construction development loans file personally. I’m not a bank and I don’t push one-size paper … I shop your deal across a private network of development lenders, debt funds, bridge and mezzanine capital to find the structure that actually closes. For independent context on building costs and activity, see the U.S. Census Bureau construction spending data and the Bureau of Labor Statistics producer price index for construction materials.
Get Funded Instead.
Banks hand out umbrellas when the sun is shining, not when you’re weathering the storm. I fund construction development loans when you actually need it … $150K to $100M, term sheet in 3 to 5 days, funded in draws, same-day callback from a broker who has owned real estate himself.
Loan amounts, leverage, terms and timelines shown are typical ranges, not guarantees. *No upfront fees refers to fees payable to 75BizLoans.com; I am compensated by the lender at closing. Some partner lenders may require a commitment fee or deposit upon your acceptance of their term sheet; any such fee is the lender’s, is disclosed to you before you commit, and is separate from any compensation to me. *Up to 90% leverage applies only to qualified large-deal construction and development from $5M to $100M, sized as an LTV and LTC blend with 12 to 60 month terms and funding released in draws. Construction development loans are structured individually across a private lender network of short-term, bridge, hard-money, mezzanine and long-term capital; final leverage, term and pricing depend on budget, sponsor experience, equity, exit and lender underwriting. This is not a commitment to lend.