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GROUND UP
CONSTRUCTION

Our Ground Up Construction financing is specifically designed for experienced real estate developers who build between 2 and 200 homes a year.

Consider it your quick pass to financing your next spec home, free of the red tape and delays that come with traditional banks. We provide more leverage, closings in as little as 7 to 10 days, and an extremely simple draw procedure that keeps your project on track.

We at Global Expansion Private Equity Fund collaborate with you to maximize the profitability of your future project instead of just lending money.

Program Terms

For our most experienced borrowers

LOAN AMOUNT

$150,000 to $6,000,000

MINIMUM CREDIT

680

RATES

9.99% – 13.99%

POINTS

2-4%

PAYMENT

Monthly, Interest Only, No Prepay Penalty

LOAN TO LAND PURCHASE (AILTV)

Up to 60%

Loan to Cost (LTC)

Up to 85%

AFTER REPAIR VALUE (ARV)

Up to 70%

TERM

12, 18 or 24 Months

TYPE/LOCATION

Infill Construction in Urban/ Suburban Areas

EXPERIENCE REQUIRED

Must Have GC if Builds last 36 Months

ELIGIBLE LOAN TYPES

Purchase+Construction, Refinance+Construction, Construction Only

Need rehab financing as well? Compare our Fix and Flip loan programs

Loan Details

Global Expansion Private Equity Fund specializes in residential real estate and can fund various properties including:

  • Single Family Homes
  • Duplex, Triplex, Quadplex
  • Townhouses
  • Spec Homes
     

Global Expansion Private Equity Fund eliminates junk fees and has straight-forward pricing when it comes to fees associated with closing your loan.

  • Document Preparation Fee – $1,995.00
  • Legal Fee/Recording – $695.00
  • Appraisal: TBD

To close a Ground Up Construction Loan at Global Expansion, there are a few basic items that you will need to submit to our team. Below is a general list of some of the requirements. Once you apply, you will receive a document portal for easy upload!

  • Loan Application
  • Purchase Contract (If Purchase)
  • REO Schedule (Experience)
  • Property Insurance
  • Identification and Borrower Entity Docs
  • Construction Budget
  • Appraisal
  • Building Plans
  • Permits (if applicable)

Discover the Global Expansion Advantage!

Close Fast
(Typically 7-10 Business Days)

Competitive Rates
(Rates from 10.99%)

Nationally Trusted
(Over 1 Billion Funded!)

Frequently Asked Questions

Why choose Global Expansion Private Equity Fund for my next Construction Project?
Our clients choose the Global Expansion Private Equity Fund for new construction projects due to our streamlined draw process, extensive experience, higher leverage, and the speed and ease with which we close.
What types of projects do you fund?

Construction loans can be used to renovate an existing project or to start a new one from scratch. Multifamily projects with a budget of under $10 million and single-family projects with a budget of under $2.5 million are eligible.

Can you help with a construction loan for my primary residence?

No. We can only finance projects that are for builders. Our Ground-Up Construction Loan is intended for small to medium-sized builders who may be constructing a home for their primary residence. For us to finance the lot, your builder must either own the lot or buy it.

What is your maximum AILTV (Loan-to-Land cost)?

We can finance 100% of the construction costs and up to 65% of the dirt costs.

Do you finance just land?

When adding construction to the loan, we can only finance the costs of the land and earth. Plans and licenses are required in order to finance the site, and the loan must cover the costs of building from the ground up.

Do I need permits and plans before I can finalize the property purchase?

Yes, you need to have the designs and permissions before closing so that we can fund your land expenditures. Once you have the plans and permits, we can finance the entire construction cost if you already own the site.

Do you finance soft costs?

Yes! Up to 5% of the project's overall costs can be financed as reimbursements for soft costs.

If my project is delayed until the loan matures, what will happen to it?

As long as payments are made on schedule and the project is moving forward, we are usually equally understanding when it comes to extensions.

If I have no experience with new construction, can you still help?

Indeed! We will need a contract with a licensed general contractor or builder; however, we can still assist you. We can assist you with financing without a GC if you have finished one or two of these.

I have flipped five houses, but never done new construction. Can you help?

Yes, we might not even need the assistance of a professional GC, depending on how much experience you have flipping.

Is it possible to finance rural properties?

Unfortunately, at this time, we only provide funding for new construction on infill properties in urban and suburban areas.

What is the process for Draw Reimbursements?

Reimbursement for New Construction Draws is contingent upon project improvements. No receipts are required because the reimbursement is determined by the expenses you submit. Just click the draw request button in the upper right corner of our website's homepage to complete a draw request.
After an inspector has inspected the project, you can expect to receive your money back within 3 to 5 business days. Setting up a sketch before the day you need it will expedite the process, as the inspector will be unavailable on the day the work is completed.
If you have any questions or require assistance, our in-house drawing team is here to help.

Do you Work with Brokers?

Yes, we love and protect our brokers! Simply apply on the website above or call us to get started.

Rapid Rate Quote

Share some basic details about the financing you’re looking for by answering a few simple questions. We’ll take a look and reach out to discuss your loan options.