Ground-up construction financing

Ground-up construction starts with a documented site, budget, team, and exit.

Mayday can review eligible business-purpose ground-up construction scenarios for investment properties. The useful starting point is not a rate, loan amount, or promise: it is a complete project story that explains site control, plans, permits or approvals, budget, contractor or builder, timeline, equity or contribution, contingency, market evidence, and a realistic sale, refinance, or hold exit. Program availability, property type, geography, documentation, valuation, construction controls, underwriting, and approval all remain scenario-specific.

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May be relevant for

Investment-property projects with a documented site or site-control plan
Builders and developers who can explain the construction scope, team, budget, and timeline
Ground-up rental, build-to-sell, or other business-purpose investment strategies
Borrowers ready to organize equity, contingency, permits or approvals, and a realistic exit

Documents to prepare

Site address, ownership or contract status, and a clear use-of-funds request
Plans, scope, line-item budget, construction schedule, and contingency explanation
Builder or contractor qualifications, insurance, agreements, and permits or approval status when applicable
Comparable sales or rent support, market plan, and sale, refinance, or hold exit strategy
Entity, liquidity, equity or contribution, credit, identity, and other records requested for review

Review factors

Site control, zoning or approval status, property type, and market location
Budget completeness, contingency, schedule, contractor or builder readiness, and draw-control requirements
Value or rent support, absorption or stabilization assumptions, and exit feasibility
Borrower, entity, liquidity, equity, credit, experience or project team, documentation, and program fit

The complete context matters

A construction inquiry needs context—not an unsupported promise.

Construction underwriting can involve more moving parts than an existing-property transaction. A credit score, prior experience, or a preliminary budget alone does not decide the outcome. Mayday reviews the available scenario in context, but no website statement creates eligibility or guarantees leverage, pricing, draws, timing, funding, or approval.

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Program questions

Prepare for a more useful conversation.

What should I prepare for a ground-up construction inquiry?

Start with the site, plans, detailed budget, construction timeline, builder or contractor information, permits or approvals status, equity or contribution, contingency, market support, and a clear exit. Additional records depend on the project and available program.

Can a first-time developer submit a construction scenario?

A first-time developer may submit a scenario for review. A complete team, documented scope, realistic budget, liquidity, contingency, market support, and exit plan are especially useful. Experience is evaluated with the full request and never produces automatic eligibility.

Are construction draws or timing guaranteed?

No. If a financing structure uses draws, the written program terms, completed work, inspections, budget controls, lender requirements, and project conditions can affect disbursement. Timing, funding, and approval are never guaranteed.

Related resources

Prepare your inquiry with a practical guide.

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