WFC Lending
Ground-Up Construction
Loans
Finance new construction from acquisition through completion — closings in as few as 15–30 days.
Capital for new construction projects, drawn against cost and value as the build progresses.
How ground-up construction financing works
Apply
Share the deal — acquisition or land cost, construction budget, and the project's numbers. We underwrite on the asset, not a personal financial deep-dive.
Close & Fund
Once underwriting clears, we close and fund the acquisition and initial construction budget — typically in 15–30 days.
Draws As You Build
Submit for reimbursement as construction milestones are completed, so your project stays capitalized from the ground up to certificate of occupancy.
Program highlights
- 1st lien position only
- Interest-only payments
- Asset-based "common-sense" underwriting
- $500K – $250M loan size
- 6–36 months terms
- Closings in 15–30 days
Eligible property types
Non-owner occupied, business-purpose only. Excludes mixed-use, condotels, co-ops, mobile/manufactured housing, and other unique/exotic properties.
Ground-up construction loan FAQs
How fast can you close?
Ground-Up Construction closes in as few as 15–30 days once underwriting clears on the acquisition and initial construction budget.
What loan amounts do you offer?
Ground-Up Construction loans range from $500K – $250M, sized against the project's acquisition/land cost and construction budget.
Do you have a minimum credit score?
Yes — Ground-Up Construction requires a minimum 680 FICO.
What fees should I expect?
Fees vary by residential vs. commercial scope — see the Typical Fees table below for origination, appraisal, underwriting, processing, and legal fees. Exact fees are confirmed in your term sheet.
Do you work with mortgage brokers?
Yes. We have a dedicated broker program with a broker portal. Visit our Brokers page to learn more and access the portal.
Typical fees
Fees shown where stated. Rates, fees, terms, and timelines are subject to change without notice.