Construction Loans Ground Up in Thurston County Washington
Whether you’re breaking ground on a new single-family home or a multi-unit project, LoiNow provides fast, asset-based construction loans tailored for Washington real estate investors and developers.
What Is a Ground-Up Construction Loan?
A ground-up construction loan provides financing for the purchase of vacant land and the construction of a new property.
Unlike traditional bank financing, LoiNow funds based on the as-completed value (ARV) — helping investors build, sell, or refinance without delays.
Perfect for:
- New single-family builds
- Multi-unit developments
- Spec homes for resale
Subdivisions and small commercial projects
How to Qualify?
- Approved building plans and permits
- Experienced builder or contractor
- LLC or business entity ownership
- Budget, scope of work, and draw schedule
- No minimum credit score required
- Same-day conditional approvals
- Funds disbursed per draw stage
Property Types Eligible
- Residential single-family and multi-family
- Townhomes and condos
- Mixed-use properties
- Small commercial buildings
- Build-to-rent or spec projects
Local Market Focus
Thurston County’s thriving real estate market anchored by Olympia, Lacey, and Tumwater continues to attract builders and investors seeking long-term growth.
Local Advantages:
- Rising demand for new construction and rentals
- Accessible permitting offices in Olympia
- Moderate land prices with high resale margins
- Strategic proximity to Tacoma and Seattle metros
How the Process Works
Submit your construction project
Receive pre-approval within 24 hours
Get funded within 5–10 business days
Build using flexible draw schedules
Refinance or sell upon completion
Benefits over Traditional Banking
Approval Speed (24–48 hours)
Property Condition Raw Land OK
Documentation Minimal
Funding Type Asset-based
Draw Management Flexible
Why Builders and Investors Trust LoiNow
Experience: LoiNow has financed 1,000+ construction and investment projects across Washington. Our team understands local building codes, draw schedules, and permitting timelines unique to Thurston County.
Expertise: We specialize in private, asset-based construction lending — no red tape, no endless paperwork. Approvals focus on project viability and collateral, not credit history.
Trust & Transparency: Our clients value clear terms, reliable funding, and same-day communication throughout the build process.
Program Highlights:
- Loan Amounts: $150K – $10M+
- Terms: 12–24 months (interest-only)
- LTC: Up to 85%
- ARV: Up to 70%
- Funding: Land + Vertical Costs
- No tax returns required
- Fast closings in 5–10 business days
FAQs
LoiNow can issue conditional approvals in 24 hours and close within 5–10 business days.
Yes, we finance both land acquisition and construction costs.
Can I build multiple units on one lot?