Ground-Up Construction Loan
Build with Confidence.
Catalyx ground-up construction loans are structured for developers and investor-builders taking projects from entitled land through certificate of occupancy. We finance multifamily, mixed-use, retail, office, industrial, and select specialty asset classes nationwide. Our underwriting accommodates the full project budget — soft costs, hard costs, contingency, and interest reserve — so you can close once and execute through completion without rebuilding the capital stack mid-project.
85%
Maximum Loan-to-Cost (LTC).
100%
Of Eligible Hard Costs
Maximum After-Repair / Stabilized Value
65%
$50M
Maximum Loan Size
Key Features
Up to 85% Loan-to-Cost (LTC) and up to 100% of eligible hard / building costs; up to 65% of stabilized or after-repair value (ARV).
❋ Maximum Leverage
Permits, architectural and engineering fees, impact fees, and hard construction costs are all eligible per the approved budget.
❋ Soft + Hard Cost Coverage
Milestone-based draws with third-party site inspections; typical inspection turnaround 24–72 hours after request.
❋ Flexible Draw Schedule
Interest may be reserved in the budget to cover carrying cost during construction and lease-up, smoothing project cash flow.
❋ Interest-Only During Build
Streamlined underwriting with a dedicated project manager from term sheet to final draw.
❋ Speed and Certainty
Builder's risk insurance required (effective when materials arrive on site); completion guaranty and standard reps & warranties apply.
❋ Risk Management
Draw Process
Step 1 — Budget Approved at Closing
Project budget, schedule of values, and interest are locked at closing.
Borrower submits draw packages with lien waivers, GC invoices, and progress documentation.
Step 2 — Milestone Draw Requests
An independent inspector verifies work; retainage may apply per the approved schedule.
Step 3 — Third-Party Inspection
Funds are released through a controlled-disbursement process, matched to verified progress.