[vc_section full_width=”stretch_row” parallax=”content-moving”][vc_row bg_type=”grad” bg_override=”ex-full” enable_overlay=”enable_overlay_value” overlay_pattern=”05.png” overlay_pattern_opacity=”99″ overlay_pattern_size=”1″ css=”.vc_custom_1651158484868{margin-top: -35px !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}” bg_grad=”background: -webkit-gradient(linear, left top, left bottom, color-stop(0%, #001D4E), color-stop(50%, #093273), color-stop(100%, #001D4E));background: -moz-linear-gradient(-75deg,#001D4E 0%,#093273 50%,#001D4E 100%);background: -webkit-linear-gradient(-75deg,#001D4E 0%,#093273 50%,#001D4E 100%);background: -o-linear-gradient(-75deg,#001D4E 0%,#093273 50%,#001D4E 100%);background: -ms-linear-gradient(-75deg,#001D4E 0%,#093273 50%,#001D4E 100%);background: linear-gradient(-75deg,#001D4E 0%,#093273 50%,#001D4E 100%);”][vc_column][vc_row_inner css=”.vc_custom_1651082751130{padding-right: 44px !important;padding-left: 40px !important;}”][vc_column_inner][vc_custom_heading text=”GROUND UP CONSTRUCTION LOAN” font_container=”tag:h2|font_size:60px|text_align:center|color:%23ffffff|line_height:55px” google_fonts=”font_family:Roboto%20Condensed%3A300%2C300italic%2Cregular%2Citalic%2C700%2C700italic|font_style:700%20bold%20regular%3A700%3Anormal” css=”.vc_custom_1679244310655{padding-top: 40px !important;}”][vc_custom_heading text=”Flexible Loans for Real Estate” font_container=”tag:h2|font_size:44px|text_align:center|color:%23ffffff” google_fonts=”font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:300%20light%20regular%3A300%3Anormal”][vc_column_text css=”.vc_custom_1679244377418{padding-top: 10px !important;}”]
GoKapital provide financing for construction of commercial real estate in all 50 States and Puerto Rico
[/vc_column_text][vc_custom_heading text=”Get approved online within minutes” font_container=”tag:h2|font_size:25px|text_align:center|color:%2371b13b” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:600%20bold%20regular%3A600%3Anormal”][vc_empty_space height=”7px”][ult_buttons btn_title=”APPLY NOW!” btn_link=”url:https%3A%2F%2Fgokapital.com%2Fapply-online%2F|target:_blank” btn_align=”ubtn-center” btn_title_color=”#ffffff” btn_bg_color=”#71b13b” btn_hover=”ubtn-left-bg” btn_bg_color_hover=”#ffffff” btn_title_color_hover=”#71b13b” icon_size=”32″ btn_icon_pos=”ubtn-sep-icon-at-left” btn_border_style=”solid” btn_border_size=”0″ btn_radius=”10″ btn_font_family=”font_family:Poppins|font_call:Poppins” btn_font_size=”desktop:17px;”][vc_empty_space height=”22px”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][/vc_section][vc_section css=”.vc_custom_1537781975615{padding-top: 0px !important;padding-bottom: 30px !important;}” el_class=”bt-intro-section”][vc_row row_container=”container” content_placement=”middle”][vc_column css_animation=”none” width=”1/2″ offset=”vc_col-lg-5 vc_col-md-5″][vc_single_image image=”62135″ img_size=”full” alignment=”center” css=”.vc_custom_1679245356124{margin-bottom: 0px !important;}”][ult_buttons btn_title=”APPLY TODAY!” btn_link=”url:https%3A%2F%2Fgokapital.com%2Fapplication-forms%2F10-questions-real-estate%2F” btn_align=”ubtn-center” btn_title_color=”” btn_bg_color=”” icon_size=”32″ btn_icon_pos=”ubtn-sep-icon-at-left” el_class=”bt-main-button” btn_font_family=”font_family:Poppins|font_call:Poppins|variant:700″ btn_font_style=”font-weight:700;” css_adv_btn=”.vc_custom_1680549116482{margin-top: -35px !important;margin-right: -45px !important;}”][/vc_column][vc_column css_animation=”none” width=”1/2″ offset=”vc_col-lg-7 vc_col-md-7″][vc_custom_heading text=”Ground Up Construction Loan” font_container=”tag:div|font_size:20px|text_align:left|line_height:30px” google_fonts=”font_family:Droid%20Serif%3Aregular%2Citalic%2C700%2C700italic|font_style:400%20italic%3A400%3Aitalic” custom_style=”letter-spacing: 0;” css=”.vc_custom_1679244795822{margin-bottom: 15px !important;}” el_class=”bt-main-color”][vc_custom_heading text=”Offering fast approvals and funding” font_container=”tag:h3|font_size:42px|text_align:left|line_height:52px” use_theme_fonts=”yes” css=”.vc_custom_1679244866290{margin-bottom: 25px !important;}”][vc_custom_heading text=”A ground-up construction loan is a type of loan that is used to fund the construction of a new building or structure from the ground up. This type of loan is typically used for commercial purposes, such as building a new office building, retail space, or industrial facility.
The loan application timeline for a ground-up construction loan is typically around 24 hours, which means that borrowers can quickly apply for and receive approval for the loan. However, the time it takes to actually fund the loan can take anywhere from 2 to 4 weeks, depending on the lender’s requirements and the complexity of the project.
When applying for a ground-up construction loan, borrowers will need to provide detailed plans and specifications for the construction project, including a detailed budget and timeline for completion. This information will be used by the lender to assess the viability of the project and to determine the loan amount, loan term, and interest rate.” font_container=”tag:div|font_size:16px|text_align:left|line_height:28px” use_theme_fonts=”yes” css=”.vc_custom_1679245020874{margin-bottom: 20px !important;}”][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]The loan amount for a ground-up construction loan can range from $100,000 to $50,000,000, depending on the size and scope of the project. The loan term typically ranges from 6 months to 24 months, which means that borrowers will need to pay back the loan within that time frame.
The loan-to-value (LTV) ratio for a ground-up construction loan can be up to 85%, which means that borrowers can borrow up to 85% of the total cost of the construction project. However, the exact LTV ratio will depend on the lender’s requirements and the borrower’s creditworthiness.
The interest rate for a ground-up construction loan can range from 5% to 14%, depending on the lender’s requirements and the borrower’s creditworthiness. This interest rate is typically higher than the interest rate for traditional commercial real estate loans, as ground-up construction projects are considered higher-risk investments.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_column_text]
| Loan Application Timeline | 24 hours |
| Time to Fund Loan | 2 to 4 Weeks |
| Construction type | Commercial purpose |
| Loan Amount | $100,000 to $50,000,000 |
| Loan Term | 6 Months to 24 Months |
| Loan To Value (LTV) | Up to 85% |
| Interest Rate | 5% to 14% |
[/vc_column_text][/vc_column][/vc_row][/vc_section][vc_row css_animation=”none”][vc_column][vc_custom_heading text=”How it Works” font_container=”tag:h3|font_size:42px|text_align:center|line_height:52px” use_theme_fonts=”yes” css=”.vc_custom_1679255125533{margin-bottom: 40px !important;}”][vc_separator color=”green” border_width=”2″ el_width=”20″ css=”.vc_custom_1679262959914{margin-top: -25px !important;}”][vc_column_text]A ground-up construction loan works by providing funding for the construction of a new building or structure from the ground up. Here’s how the process typically works:[/vc_column_text][vc_row_inner][vc_column_inner width=”1/2″][vc_single_image image=”62150″ img_size=”full”][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]
- Application: The borrower applies for a ground-up construction loan with a lender, providing detailed plans and specifications for the project, as well as a detailed budget and timeline for completion.
- Underwriting: The lender reviews the application and assesses the viability of the project. This includes reviewing the borrower’s creditworthiness, evaluating the collateral (i.e., the new building or structure), and assessing the market demand for the project.
- Approval: If the lender determines that the project is viable, they will approve the loan and specify the loan amount, loan term, and interest rate.
- Disbursement: The lender will disburse the loan funds in a series of payments (called “draws”) as the construction project progresses. Typically, the lender will require the borrower to submit proof of completed construction milestones before releasing each draw.
- Repayment: Once construction is complete, the borrower will need to repay the loan in full, typically within the loan term specified by the lender. This can be done by refinancing the loan with a traditional commercial real estate loan or by selling the property.
[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text]Overall, a ground-up construction loan provides funding for a high-risk, high-reward type of investment. By following a detailed plan and providing proof of completed milestones, borrowers can receive funding to build a new commercial property and eventually sell or refinance it to pay off the loan.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”62px”][/vc_column][/vc_row][vc_section][vc_row bg_type=”bg_color” bg_override=”full” bg_color_value=”#092351″ css=”.vc_custom_1654300224901{border-bottom-width: 1px !important;border-bottom-color: rgba(6,34,81,0.9) !important;border-bottom-style: solid !important;}”][vc_column width=”2/3″][vc_empty_space height=”5px”][vc_column_text]
HAVE ANY QUESTIONS?
We’re here to help. Send us an email or call our experts at 1-866-257-2973[/vc_column_text][vc_empty_space height=”20px”][/vc_column][vc_column width=”1/3″][vc_empty_space height=”5px”][vc_empty_space height=”30px”][ult_buttons btn_title=”CONTACT US” btn_link=”url:https%3A%2F%2Fgokapital.com%2Fcontact-us%2F” btn_align=”ubtn-center” btn_size=”ubtn-custom” btn_width=”200″ btn_height=”60″ btn_title_color=”#ffffff” btn_bg_color=”#71b13b” btn_hover=”ubtn-left-bg” btn_bg_color_hover=”#ffffff” btn_title_color_hover=”#051b41″ icon=”none” icon_size=”32″ icon_color=”#ffffff” btn_icon_pos=”ubtn-sep-icon-at-right” btn_border_style=”solid” btn_color_border=”#71b13b” btn_color_border_hover=”#71b13b” btn_border_size=”0″ btn_radius=”7″ btn_font_family=”font_family:Poppins|font_call:Poppins|variant:700″ btn_font_style=”font-weight:700;” btn_font_size=”desktop:17px;”][/vc_column][/vc_row][/vc_section]