Construction Loans Ground Up in Skagit County Washington
From Mount Vernon to Anacortes, investors and builders rely on LoiNow Construction Loans to bring new developments to life. Whether you’re breaking ground on a duplex, townhome, or infill project, we provide the fast, asset-based funding needed to move from lot to completion — without traditional bank red tape.
Why LoiNow is the Preferred Private Lender for Ground-Up Projects
Speed & Certainty
Close in 7 – 14 days with internal underwriting focused on land value, permits, and builder experience.
Tailored Draw Schedules
We disburse funds in milestone-based draws that align with your construction timeline — foundations, framing, and final inspection.
Flexible Programs
- Loans from $250 K to $10 M+
- Up to 75 % of Total Project Cost (LTC)
- Interest-only during construction
- 12 – 24 month terms
Qualifying for a Ground-Up Loan
Minimum Requirements
- Experienced builder or licensed GC preferred
- Detailed construction budget and timeline
- Architectural plans or permits in process
- Exit strategy (sale or rental refinance)
Property Types Eligible
- New single-family homes
- Duplex and multi-unit builds
- Townhomes or condos
- Light commercial and mixed-use projects
- Spec homes for resale
Local Expertise in Washington Construction
LoiNow’s Seattle headquarters is minutes from major Skagit County routes, allowing us to work hands-on with builders throughout the region. We understand county-specific inspection requirements, draw procedures, and permit timelines so you can focus on building — not paperwork.
How the Process Works
Submit Deal Scenario
Provide land details, budget, and plans or permits. We evaluate ARV and timeline within 24 hours.
Same-Day Soft Terms Issued
Clear terms with loan amount, draw schedule, and interest rate. No income verification required.
Fast Closing
Funds are wired to title within days — no bank delays, no red tape.
Benefits over Traditional Banking
Approvals in days
Distressed property support
Closing in 5 - 7 days
Rehab financing included
No Income Docs Required
Loan Program Overview
Program Feature | Details |
Loan Type | Bridge Loan (Short-term capital) |
Use of Funds | Purchase, refinance, or cash-out |
Terms | 6–12 months (extensions available) |
Max LTV | Up to 75% of value |
Rehab Budget | Optional — can be added |
Closing Timeline | 5–7 days typical |
Documentation | No income docs required |
Credit Requirements | Flexible — asset-based |
FAQs
Most bridge loans close in 5–7 days, depending on title and appraisal.
Funds are released after inspection milestones such as foundation, framing, and completion.
Up to 75 % of total project cost, typically $10 million per project.