LOAN HIGHLIGHTS
GROUND UP EXPERTISE
CHANGE MARKET
FAQs
Frequently Asked Questions About
Ground Up Construction Loans in Chicago
What is a ground up construction loan?
A ground-up construction loan is a type of short-term financing used to fund the construction of a new property from scratch, including the purchase of the land, labor, and building materials. Unlike traditional mortgages, these loans are disbursed through a “draw” process as construction milestones are met.
What are the typical requirements for a ground up construction loan?
At Archwest Capital, we focus on the deal’s merit, not personal income. Our key requirements include a project plan, detailed budget, and a proven track record of builder experience. While a minimum credit score is often required, a lender’s focus is on the deal’s viability and your ability to execute.
How does the loan draw process work?
The loan draw process is the way funds are disbursed during construction. Once the loan closes, a series of scheduled draws are made to pay for completed work and materials. This process is managed by your dedicated account manager who, after a quick inspection to verify completion, will disburse funds into your construction account.
What is the typical loan term and interest rate?
Our ground-up construction loan terms range from 12 to 30 months with interest-only payments during construction. We offer competitive fixed and adjustable rates tailored to your project. Interest payments are only on the funds you have drawn, not the entire loan amount.
How do your loans differ from a traditional bank loan?
Traditional bank loans often require extensive personal income documentation, a low debt-to-income ratio, and a lengthy approval process. Archwest Capital focuses on the investment property itself and the builder’s experience, providing a faster, more flexible, and more efficient path to funding your business-purpose project.
Ready to Build in Chicago?
Start your next project with a lender who understands your business.
WHY ARCHWEST
The Archwest Difference: A Lender Built for Fix & Flip Investors
At Archwest Capital, we understand that your project’s success hinges on rapid, reliable financing. We are not a traditional bank; our lending approach is built on a deep understanding of investment real estate and the need for a lender who understands your business. Our loan programs are crafted for efficiency and flexibility, ensuring you have the capital you need precisely when you need it.
Term Sheet Within 24 Hours
Closings in Under 7 Days
Interest on Drawn Amounts Only
100% of Rehab Funding Available
Questions about financing your project in Cleveland?
Our experts are here to help! Connect with our Cleveland relationship manager today on terms, eligibility, timelines, and next steps.
John Chiarelli, Account Executive
Questions about financing your project in Boston?
Our experts are here to help! Connect with our Boston relationship manager’s today on terms, eligibility, timelines, and next steps.
Questions about financing your project in Charleston?
Our experts are here to help! Connect with our Charleston relationship manager’s today on terms, eligibility, timelines, and next steps.
Questions about financing your project in New York?
Our experts are here to help! Connect with our Charleston relationship manager’s today on terms, eligibility, timelines, and next steps.
Questions about financing your project in New York?
Our experts are here to help! Connect with our Charleston relationship manager’s today on terms, eligibility, timelines, and next steps.
Questions about financing your project in New York?
Our experts are here to help! Connect with our Charleston relationship manager’s today on terms, eligibility, timelines, and next steps.
Brittney Fairweather, Account Executive
Questions about financing your project in Eugene?
Our experts are here to help! Connect with our Charleston relationship manager’s today on terms, eligibility, timelines, and next steps.
Questions about financing your project in Spokane?
Our experts are here to help! Connect with our Charleston relationship manager’s today on terms, eligibility, timelines, and next steps.
Questions about financing your project in Orlando?
Our experts are here to help! Connect with our Orlando relationship manager’s today on terms, eligibility, timelines, and next steps.
Questions about financing your project in Seattle?
Our experts are here to help! Connect with our Seattle relationship manager’s today on terms, eligibility, timelines, and next steps.
Questions about financing your project in Philadelphia?
Our experts are here to help! Connect with our Philadelphia relationship manager today on terms, eligibility, timelines, and next steps.
Brittney Fairweather, Account Executive
Questions about financing your project in Charleston?
Our experts are here to help! Connect with our Charleston relationship manager today on terms, eligibility, timelines, and next steps.
Justin Early, Account Executive
Questions about financing your project in Charlotte?
Our experts are here to help! Connect with our Charlotte relationship manager today on terms, eligibility, timelines, and next steps.
Courtney Johnston, Account Executive
