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Build & develop

Ground-up construction & development loans

Planning a new build or a development? Tell me what you're building and what financing you need. From a single spec home or a row of townhomes to rental communities and commercial buildings, the first step is a short project form. I review each project and work to match it with an appropriate lender. Financing depends on the project and the lender's review.

Submit my project Start my application

Building a home you'll live in? Use the home construction application →

Projects

What are you building?

All of these are welcome for review, including first-time developers, builders who act as their own general contractor, partly built or stalled projects, and refinances. There's no minimum or maximum project size. Sending a project isn't an approval or a promise of terms.

Single homes to sellOne spec home or a few on separate lots. TownhomesAttached homes built to sell or rent. Subdivisions & lotsLand, roads, utilities and lots, with or without the homes. Build-to-rent homesNew homes you plan to keep and rent out. ApartmentsNew multifamily buildings of any size. Mixed-useShops or offices with homes above or beside them. Commercial buildingsRetail, office, industrial and buildings for your own business. Partly built or refinancingFinish a stalled project, replace a loan that's coming due, or refinance a finished one.
Stages

Where are you in the project?

You don't need to know the lending terms. Pick the closest stage on the form, or Not sure.

  1. Buying landYou've found a site or you're under contract.
  2. Developing the siteRoads, utilities, drainage, grading and lots.
  3. Starting constructionPlans and permits are done or close, and you're ready to build.
  4. Finishing or refinancingThe project is partly built, stalled, or done and needs a new loan.
  5. Not sureThat's fine. Tell me what you have and I'll help sort it out.

How I look at the financing path

I start with the location, what the project is for, the stage, the budget and how it ends: selling the homes, renting them, or using the building for your business.

Then I look at the team, relevant experience, the money already in the project and the timeline. The goal is a realistic financing path and a clear list of what a lender will need. A few answers on a website can't be an approval, and I won't pretend they are.

What happens next

  1. Send the project information you have. Rough numbers and blanks are fine.
  2. I review it and tell you what's missing and which financing paths look possible.
  3. When it makes sense to move ahead, you complete the right application and share documents through a secure process.
  4. Financing is always subject to the lender's review, underwriting and approval.
Short project form

Tell me about your project

About two minutes. Only the first few questions are required. Send it from any U.S. state.

Who is the project for?
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For example: 6 townhomes on a lot I own in Fort Worth, plans approved, selling when done.

Phone or email, whichever you prefer. Both is fine.

Best way to reach you
Add project details (optional)

Skip anything you don't know yet. You can always send more later.

$
Seven townhomes = 7 units, even in one building.
A closing date, a loan coming due, a permit expiring.
Projects you or your contractor have finished. First project? Say so. That's fine.

Have plans, a budget or photos? After you send this you can add them securely. Please don't type Social Security numbers, bank details or tax returns into this form.

Planning worksheet

Sources and uses, roughly

Optional. Add up the project's costs and where the money comes from. Nothing here is sent anywhere.

Project costs

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$
$
$
$

Where the money comes from

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$For land you own, what you paid minus any loan still on it.
$
$
$Already part of the land cost above. Don't add it again.

Enter at least one cost to see totals.

Illustration only. Lenders decide which costs they finance and how they value land and finished projects. This isn't an approval or your exact cash to close.

FAQ

Development questions

Can one loan cover the land and the construction?

Sometimes. Some loans cover buying the land and the building later; other projects need separate loans. It depends on how ready the site is, the project and the lender. Tell me which stages you need funded.

Can I apply without finishing a ground-up project before?

Yes, you can send it. Experience requirements differ by lender, and acceptance depends on the whole project. Tell me about your own role and your contractor's track record. Your contractor's history doesn't automatically replace yours.

What's the difference between site work and construction?

Site work prepares the land: utilities, roads, drainage and lots. Construction is the buildings themselves. A lender funding the buildings may want the site work or approvals done first.

How are construction loans paid out?

Usually in stages (draws) as the work is done and checked. Ask about inspections, how fast draws are paid, any money held back, fees and who services the loan before you rely on a draw schedule. The lender, not Marcus, releases the money.

Can I build to rent instead of sell?

Yes. Lenders look at each plan differently. A rental project needs a realistic plan to lease it up and move to longer-term financing. A for-sale project needs a realistic sales timeline. Getting the construction loan doesn't guarantee the next loan.

Does my equity in the land count?

It may, depending on the lender, how the land is valued, any loans on it, and how long you've owned it. Share what you paid, what you think it's worth, and what you still owe. The lender decides how much of it counts.

Contact

Let's talk about your loan.

Call, book a time, or send a quick note. Whatever's easiest.

(682) 403-3406Tap to call Pick a timeBook a call on my calendar Weekend timeSat–Sun, 11 a.m.–7 p.m. Central. I confirm it personally. marcus@qmortgage.aiEmail me anytime

Hours Weekdays 8 a.m.–8 p.m. Central. Weekends 11 a.m.–7 p.m. Central by appointment.

I aim to get back to you within a few working hours, often sooner.

Tell me about your loan