Commercial
Ground Up Construction
Build your vision from the ground up with CMRE's Ground Up Construction Loan Program. Secure financing for your commercial development project with competitive rates starting at 8.5% and flexible terms. Our program is designed to empower developers and investors to bring their projects to life.
Key Facts About Ground Up Construction
CMRE Ground Up Construction ranges from $250,000 to $50,000,000.
CMRE offers commercial bank statement programs for Ground Up Construction.
CMRE Ground Up Construction closes in LLC, corporation, or trust names.
CMRE commercial lending covers office, retail, industrial, and multifamily.
CMRE Ground Up Construction ranges $250K to $50M.
CMRE commercial bank statement programs for Ground Up Construction.
CMRE Ground Up Construction closes in LLC/Corp/Trust.
CMRE commercial covers office, retail, industrial, multifamily.
Program Benefits
Competitive interest rates starting at 8.5% allow for optimized project budgeting.
Financing available for a wide range of commercial construction projects.
Up to 75% Loan-to-Value (LTV) to maximize your investment potential.
Streamlined application process for quick approvals and efficient funding.
Expert guidance and support from our experienced commercial lending team.
Flexible loan terms tailored to your project's specific needs and timelines.
Program Highlights
Max LTV
75%
Min Credit Score
640
Max DTI
55%
Loan Amount Range
$250K - $5M
Amortization Options
Eligible Properties
- Retail
- Office
- Industrial
- Multifamily
- Mixed-Use
Program Requirements
Income Documentation
- •Demonstrated history of successful project management or development.
- •Detailed pro forma income statements showcasing project profitability.
- •Personal or business tax returns to verify financial stability.
Asset Verification
- •Sufficient liquid assets to cover project contingencies and cost overruns.
- •Schedule of all owned real estate, including values and outstanding mortgages.
- •Verification of funds for down payment and closing costs.
Insurance & Title
- •Builder's risk insurance to protect against property damage during construction.
- •General liability insurance coverage.
- •Workers' compensation insurance, if applicable.
Property Requirements
- •Minimum FICO score of 640.
- •Clean credit history with no recent bankruptcies or foreclosures.
- •Demonstrated ability to manage debt responsibly.
- •Satisfactory credit report reflecting responsible credit behavior.
Complete Guide to Ground Up Construction Financing
What Is Ground Up Construction?
Ground-up construction loans are specifically designed to finance the construction of a new building from the ground up. Unlike renovation loans, these loans cover all phases of construction, from land acquisition to the completion of the building. They are typically short-term loans, structured to provide funds as needed throughout the building process. Understanding the nuances of these loans, including interest rates, disbursement schedules, and collateral requirements, is crucial for successful project financing.
Qualifying for Ground Up Construction
- •Underwritten on property income (DSCR) and borrower financial strength.
- •Typical DSCR requirement: 1.20x-1.25x (NOI / debt service).
- •2+ years business experience, adequate liquidity, acceptable credit.
- •CMRE commercial bank statement programs: qualify with 12-24 months statements instead of tax returns.
- •SBA programs (7(a), 504, Express) available for owner-occupied commercial with as low as 10% down.
Ground Up Construction vs. Residential Lending
- •Commercial: underwritten on property cash flow. Residential: on borrower income.
- •Commercial terms: 5-10 year terms with 25-30 year amortization.
- •Commercial allows LLC/Corp entity vesting for asset protection.
- •CMRE offers both — our team determines the best structure for your situation.
Apply for Ground Up Construction with CMRE
- •Step 1: Submit property details — type, location, price, NOI, business plan.
- •Step 2: CMRE provides preliminary terms within 48 hours.
- •Step 3: Application with financial statements, rent rolls, entity docs.
- •Step 4: Appraisal and environmental assessment.
- •Step 5: Underwriting in 2-4 weeks. Closing in 30-60 days.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Ground-up construction loans typically have terms ranging from 12 to 36 months, depending on the scope and complexity of the project.
Funds are disbursed in draws based on the completion of pre-determined construction milestones. An inspection is typically required to verify completion before funds are released.
Yes, many borrowers refinance their construction loan into a permanent mortgage upon completion of the project. This allows for longer repayment terms and potentially lower interest rates.
A variety of commercial properties are eligible including retail, office, industrial, multifamily, and mixed-use.
CMRE Ground Up Construction starts at $250,000. SBA may start lower. Max depends on property type — up to $50M.
Yes. Entity vesting is standard for commercial. Personal guarantee typically required.
Yes. CMRE commercial bank statement programs use 12-24 months statements instead of tax returns.
Typically 5-10 year terms with 25-30 year amortization. CMRE structures terms based on cash flow and exit strategy.
Ground Up Construction by Location
Get local rates, loan limits, and market data for Ground Up Construction in your area.
CA
CO
GA
ID
IL
MI
NJ
NY
OH
OR
VA
WA
View county-level market data, loan limits, and mortgage rates on our territory pages.
Browse All Territories →TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
