Construction Loans Ground Up in Snohomish County, Washington
LoiNow has funded 1,000+ investment projects across Washington. Our deep understanding of county permitting and inspection timelines ensures faster, smoother closings—typically in 7–10 business days.
What Are Ground-Up Construction Loans?
Ground-up construction loans provide short-term financing for building new properties from scratch—covering land acquisition, material, labor, and permit costs. These loans are structured to disburse funds through draws based on completed construction milestones.
Common Uses:
- New single-family or multifamily construction
- Spec home development
- Subdivision or small-lot builds
Commercial infill or mixed-use projects
How to Qualify?
- Submit your land or project address.
- Provide your budget and construction timeline.
- Receive a same-day term sheet.
- Close and fund within 5–10 days.
- No FICO minimum
- Individuals or LLCs accepted
- Licensed builders preferred but not required
- Flexible draw schedules
Property Types Eligible
- Single-family new builds
- Duplexes, triplexes, or multifamily projects
- Small commercial developments
- Mixed-use or infill lots
- Subdivided residential land
How the Process Works
Apply Online
Submit your project details and scope.
Review & Pre-Approval
Term sheet within 24 hours.
Construction Begins
Funds released per approved draw schedule.
Completion
Refinance, sell, or transition to a DSCR loan.
Underwriting & Close
Quick doc review and appraisal (if required).
Benefits over Traditional Banking
Funding Speed (5–10 days)
Draw Process On-Demand
Flexibility High
No Credit Requirement
No Income Docs Required
Loan Program Overview
Program Highlights
- Loan Amounts: $150K – $10M+
- Term: 6–18 months (Interest-Only)
- Up to 70–75 % LTC / 65 % ARV
- No Income Verification Required
- Fast Draw Funding for Active Builds
- Construction & Land-Acquisition Financing
FAQs
Most projects close within 5–10 business days of application.
No, but projects with experienced contractors are prioritized.
Yes — we fund both land acquisition and vertical construction.