At Flipside, we’re here to make the financing simple, with custom structures to meet your objectives for leverage, cash to close and future out of pocket costs. Our Ground Up Construction loans provide the capital you need to take your vision from blueprint to completion.
We’ve been where you are—balancing budgets, managing contractors, and keeping a project on track. That’s why our loans are designed with flexibility and ease, giving you one less thing to worry about as you build.
Every construction project is unique. We offer customizable loan options to fit the scope of your build, as well as cash and other objectives.
From land acquisition to the finishing touches, we provide quick funding and seamless draws, ensuring you have the capital when you need it. Plus, our interest-only loans ensure you only pay on funds disbursed.
We’ve been there, and we want to offer the highest levels of support in the industry for your loan structuring, closing and draw management.
Get the financing you need without the red tape. We’re focused on getting your project funded so you can stay focused on building.
Flipside provided a $1,000,000 ground-up construction loan to an experienced borrower in Idaho, supporting their construction of 3 new homes. With 62% LTC and a 70% LTARV, our financing ensured a balanced approach to risk and equity, empowering the borrower to bring their vision to life.
Ground-up construction loans require experienced or institutional borrowers, a maximum of 85% LTC, and full fund control. Borrowers must also have strong liquidity and be a credible builder.
Yes. For construction loans, LTC includes the land acquisition cost plus hard and soft construction costs. Land must be valued at purchase price or appraised value, whichever is lower. If the land is owned by the borrower, land equity can be contributed at appraised value and subject to credit approval and seasoning requirements.
No for purchases. Yes for refinances. Flipside typically wants to see issued permits and approved plans before funding ground-up construction loans. Only by exception, deals without plans/permits are subject to credit approval and, if approved, will receive a leverage cut.
Ground-up construction loans require builder’s risk insurance, general liability insurance, and flood insurance if applicable. The lender must be named as additional insured on all policies.
No. Flipside does not finance ground-up multifamily construction. Only 1–4 unit residential projects are eligible under current guidelines. We finance tract development of multiple homes (e.g. Build-To-Rent / Build-For-Sale strategies).
Contact us today to discuss your financing options, or if you’re a broker, partner with us to secure financing for your clients’ next big build.
NMLS #2655708. CA CFL License #60DBO-202525. Origination fees and other fees may apply. This is not an offer to lend. Any financing will be subject to certain restrictions and requirements, including but not limited to a credit evaluation and approval of the subject property. To qualify, a borrower must meet underwriting requirements. Not all borrowers will qualify and not all borrowers that qualify will receive the lowest rate. Your actual rate depends on a variety of factors. Rates, terms, and conditions are subject to change from time to time without notice.
