Wholesale & Correspondent · NMLS #344236
AE Desk: (800) 830-5626
Construction capital for
clients who actually build.
Land plus vertical construction for new 1–4 unit investment builds on entitled, permitted, metro-area sites — underwritten for experienced builders with milestone draws and non-Dutch interest.
Up to 85%
Total Loan-to-Cost
Up to 70%
Loan-to-ARV
$200K–$3M
Loan Amounts
18–24 Mo
Interest-Only Terms
Ground-Up Construction
Qualify the borrower first
GUC eligibility is stacked: your client needs both general investment experience and ground-up-specific completions. There’s no path for a flipper with zero builds — screen for at least one completed new-construction project in the last 36 months before you quote.
General Tier | 0 GUC | 1 GUC | ≥2 GUC |
|---|---|---|---|
T1 / T2 | Ineligible | GUC Tier 2 | GUC Tier 1 |
T3 | Ineligible | GUC Tier 2 | GUC Tier 2 |
T4 | Ineligible | Ineligible | Ineligible |
Program Highlights
Land advance up to 65% LTV day one; construction escrowed
Non-Dutch accrual — interest only on drawn funds
Entitled, permitted, MSA-based sites (raw land ineligible)
Permit in application at closing OK with 10% holdback; in hand by first draw
Teardown/rebuild eligible with Phase I environmental
Extensions in 3-month increments; max total term 30 months
Leverage Matrix
GUC terms by tier
Parameter | GUC Tier 1 | GUC Tier 2 |
|---|---|---|
Max LTV (land, day 1) | 65% | 60% |
Max Initial LTC | 75% | 65% |
Max Total LTC | 85% | 75% |
Max LTARV | 70% | 65% |
Loan size | $200K – $3M | $200K – $1M |
Term | 18 mo (24 mo > $1.5M) | 18 mo |
Cash-out | Yes — 10% equity remaining | Ineligible |
Minimum borrower equity: 15% (GUC T1) / 25% (GUC T2) of total cost; seasoned lot equity counts. Foreign nationals ineligible on GUC. ZHVI concentration screen: values above 300% of zip-code median route to exception review.
Every File
Mandatory structure
3rd-party feasibility report
Required ($750–$1,500)
Builder’s Risk
Mandatory, 12-mo fully earned
Construction contracts
Assignable to lender
Completion Guaranty
All guarantors
Contingency
10% of budget
Completion holdback
10% until CO
GUC T1 / T2
Mid-construction takeover
Commencement window
≤ 180 days before application
Structure
Refinance only, no cash-out
Remaining cost equity
≥ 10%
Required
VOM, lien waivers, permit search
Adjustment
-5 LTC · +50 bps
Draws
Milestone draws, engineered per project
25%
Framing
Reference schedule starts at framing complete — actual milestones set per project with Construction Management.
50%
Rough-in
Mechanical, electrical, and plumbing rough-in verified; trade permits evidenced at the relevant draw.
75%
Finishes
Finishes substantially complete with third-party inspection and lien waivers per draw.
100%
CO
Certificate of Occupancy (or final sign-off) releases the final draw and the 10% completion holdback.
FAQ