But before the first shovel hits the dirt, there’s one thing every builder and developer needs: reliable financing.
That’s where Ground-Up Construction Loans come in. These loans are made specifically for real estate investors and developers who are starting with a piece of land and need funds to construct from scratch. At First Loans Capital, based in New York, we help simplify this process so builders can move quickly and with confidence. With low interest rates, fast and easy closings, and minimal fees, our team is here to help turn a blueprint into a real property, without delays or unnecessary costs.
What to Know Before Starting Your Ground-Up Construction Project
Financing a new build involves many moving parts. From choosing the right loan to closing on time, each step needs to happen smoothly to avoid setbacks. Let’s walk through the key stages that every builder or developer should understand when using ground-up construction loans.
Identify the Right Property and Project Plan
The success of a new build starts with location and planning. Whether you already own land or are scouting for a site in New York, it's important to assess the neighborhood, local zoning laws, and potential property value once construction is complete. The team at First Loans Capital works with you from the beginning, helping ensure that your vision aligns with the market and your financial goals. Our construction loans are built to fund projects that are thoughtfully planned and financially sound, giving you the support you need to take that first step.
Understand How Ground-Up Construction Loans Work
Unlike traditional mortgages that finance move-in-ready homes, ground-up construction loans are short-term loans designed to finance both the land (if needed) and the full build-out of the project. These loans usually cover materials, labor, and other construction-related expenses. What makes them different is that funds are typically released in stages, based on progress. At First Loans Capital, we streamline this process, releasing funds when milestones are met and helping ensure that construction stays on schedule. Because we focus on investment-based lending, we move fast and cut out unnecessary delays.
Apply with an Experienced Lender That Puts Investors First
Choosing a lender that understands real estate development is critical. At First Loans Capital, we work specifically with investors and developers. That means we know how to evaluate a project based on its long-term value, not just the borrower’s income. We also understand that time is money when it comes to construction, which is why our loan approvals happen quickly and without excessive documentation. Our clients choose us because we combine speed, transparency, and deep knowledge of the construction loan space. You won’t be left waiting or guessing. Instead, you’ll get clear timelines and a team that helps guide you from application to funding.
Built with Peace of Mind and a Reliable Funding Partner
Once your loan is in place, your focus turns to construction. With First Loans Capital on your side, you have a reliable partner who ensures funds are available when you need them. That means you can move forward with confidence, knowing your project won’t stall waiting on financing. From the foundation to the final inspection, our team is with you every step of the way. And because our loan terms are competitive, with very low interest rates and low points, and fees, you can manage your budget more effectively and maximize the return on your investment.
Transition to Long-Term Financing or Sell for Profit
Once your ground-up construction project is finished, you have a couple of great options. You can sell the property for a profit or refinance it into a long-term loan, especially if you're planning to hold it as a rental. At First Loans Capital, we also offer Rental Loans (DSCR loans) that are perfect for converting a finished property into a cash-flowing investment. These loans are based on the property’s income potential rather than your financials, which makes them ideal for investors looking to build a rental portfolio. Whether you're flipping or renting, we help you plan your exit and next steps with flexibility and support.
Conclusion
Breaking ground on a new construction project takes vision, planning, and the right financial partner. With Ground-Up Construction Loans from First Loans Capital, builders and developers in New York and beyond can get the funding they need quickly and affordably. Our process is fast, flexible, and designed to work with your construction timeline, not slow it down.
From initial land acquisition to final inspection, we help turn your ideas into structures that generate value. With low rates, fast closings, and personalized support, First Loans Capital is the lending partner you can count on before, during, and after your build.
If you're ready to explore your options, learn more about First Loans Capital.
FAQs
What is a ground-up construction loan?
A ground-up construction loan is a short-term loan that helps investors finance the construction of a property from scratch. It covers costs like land acquisition, labor, materials, and other construction expenses.
Who can apply for a ground-up construction loan?
These loans are ideal for builders, developers, and real estate investors looking to create new properties rather than renovate existing ones. First Loans Capital specializes in helping investors secure fast, flexible funding.
How fast can I get approved for a construction loan?
At First Loans Capital, our approval process is designed to be quick. Once we understand your project and goals, we can move toward closing in a matter of days—not weeks.
What happens after the construction is completed?
Once your property is finished, you can either sell it or refinance it into a rental loan if you plan to keep it as an investment. We offer DSCR rental loans that make this transition easy.
Why should I choose First Loans Capital for my construction loan?
We offer very low interest rates, fast and easy closings, low fees, and a process built around real estate investors. Our team is based in New York and understands the unique needs of builders and developers.
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