Ground Up
- Home
- Ground Up
GROUND UP
Rates Starting at 9.99%*
Marcus Mae Makes Bridge Loans Easy
Marcus Mae's Ground Up Construction loans enable you to provide your borrowers with flexible and competitive terms on 1-4 unit homes
Ground Up Program
MAXIMUM LOAN-TO-COST
Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction
Max 85% of total project costs
LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
Max 85% of total project costs
LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
MAXIMUM LOAN-TO-ARV
Up to 70%
RECOURSE
Full Recourse
RESERVES/ESCROWS
Interest Reserve:
Minimum 1 month
Minimum 1 month
EXPERIENCE
Previous real estate experience required: 1-2 ground ups
GCs if experience if permits tie to ground ups Guarantors with no experience permitted on a case by case basis
GCs if experience if permits tie to ground ups Guarantors with no experience permitted on a case by case basis
LOAN AMOUNT
Min: $50,000
Max: $3,000,000
Max: $3,000,000
TERM LENGTH
12 months, Up to 18 at Lender discretion
PROPERTY COUNT
Min: 1
Max: 2
Max: 2
PERMITTED PROPERTY TYPES
Eligible:
Non-owner occupied 1-4 unit residential
Min: 1
Max: 2
Non-owner occupied 1-4 unit residential
Min: 1
Max: 2
PERMITTED PROPERTY TYPES
Eligible:
Non-owner occupied 1-4 unit residential
Townhomes
Condos
Ineligible:
Mixed use properties
5+ unit multifamily properties
Condotels
Commercial property
Log Homes
Properties subject to oil and/or gas leases
Operating farms, ranches, or orchards
Vacation or seasonal rentals
Rural properties
Non-owner occupied 1-4 unit residential
Townhomes
Condos
Ineligible:
Mixed use properties
5+ unit multifamily properties
Condotels
Commercial property
Log Homes
Properties subject to oil and/or gas leases
Operating farms, ranches, or orchards
Vacation or seasonal rentals
Rural properties
FOREIGN NATIONALS
Not allowed from ineligible country list
MINIMUM EXPERIENCE
NO prior experience required
Experienced Developer Program
(3+ Similar Past Projects)
MAXIMUM LOAN-TO-COST
Up to 75% of the lower of land value or purchase price/60% if unpermitted, plus 100% of construction
Max 90% of total project costs with financed IR, 85% of total project costs without financed
IR
LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
Max 90% of total project costs with financed IR, 85% of total project costs without financed
IR
LTC Catch Up Draw to raise initial advance to 75% at approval of required plans/permits post-closing
MAXIMUM LOAN-TO-ARV
Up to 70%
RECOURSE
Full Recourse
RESERVES/ESCROWS
Interest Reserve:
Minimum 1 month
EXPERIENCE
Previous real estate experience required: 3+
similar ground-up builds + heavy rehabs with expansion. Professional development / builder
Guarantors with no experience permitted with experienced guarantor that meets the above experience criteria
similar ground-up builds + heavy rehabs with expansion. Professional development / builder
Guarantors with no experience permitted with experienced guarantor that meets the above experience criteria
LOAN AMOUNT
Min: $50,000
Max: $3,000,000
TERM LENGTH
12 to 24 month loan terms available
PROPERTY COUNT
Min: 1
Max: 10
PERMITTED PROPERTY TYPES
Eligible:
Min: 1
Max: 10
Min: 1
Max: 10
PERMITTED PROPERTY TYPES
Eligible:
Non-owner occupied 1-4 unit residential
Townhomes
Condos
Ineligible:
Mixed use properties
5+ unit multifamily properties
Condotels
Co-ops/TICS
Commercial property
Log Homes
Properties subject to oil and/or gas leases
Operating farms, ranches, or orchards
Vacation or seasonal rentals
Rural properties
Non-owner occupied 1-4 unit residential
Townhomes
Condos
Ineligible:
Mixed use properties
5+ unit multifamily properties
Condotels
Co-ops/TICS
Commercial property
Log Homes
Properties subject to oil and/or gas leases
Operating farms, ranches, or orchards
Vacation or seasonal rentals
Rural properties