What types of business funding does Surge Financial offer?

Surge Financial offers SBA loans, business lines of credit, equipment financing, working capital loans, revenue-based financing, and invoice factoring. We help businesses secure $10K to $5M in funding.

What real estate financing options are available?

Surge Financial provides DSCR loans, hard money loans, bridge loans, fix-and-flip financing, ground-up construction loans, and portfolio loans for real estate investors in all 50 states.

How fast can I get approved for funding?

Most approvals take 24-48 hours. We offer no hard credit pull pre-qualification and no upfront fees. Contact us at 954-787-4348 to get started.

Do I need perfect credit to qualify?

No. We work with borrowers across the credit spectrum. Many of our financing options including hard money and DSCR loans are asset-based, meaning the property or business revenue matters more than your personal credit score.

A DSCR (Debt Service Coverage Ratio) loan is an investment property loan that qualifies based on the property's rental income rather than your personal tax returns. It is ideal for real estate investors who want to finance rental properties.

What is Surge Financial?

A streamlined financial platform providing fast, transparent funding solutions and financing options designed to help businesses scale with ease and efficiency.

Do I need to already own the land before applying?

Not necessarily. Many programs allow land acquisition to be included in the total loan provided the property is under contract or already owned and meets LTC guidelines. Your advisor will clarify how land equity or acquisition is handled for your specific program.

What documentation is required?

Most programs require detailed project plans, a construction budget with contingency, a qualified general contractor with credentials and insurance, your credit profile, and an overview of development experience. Larger projects may also require an appraisal of the completed value, a project pro forma, and personal financial statements.

What if the project is not complete when the loan term ends?

Extension options are available on most programs for a fee. Most developers plan for one or two extensions when budgeting their project timeline. Your advisor will structure the initial term with a realistic timeline in mind and clearly explain extension terms and costs before you close.

Can a first-time developer qualify?

Some programs are accessible to first-time developers, particularly for smaller SFR builds with experienced contractors and strong project plans. Lenders typically require a larger down payment, stronger credit, and more detailed documentation for first-time builders.

How are draw requests processed?

You submit a draw request documenting completed work with supporting invoices and photos. An independent inspector confirms the work has been completed. The draw is released typically within 1 to 5 business days of inspector sign-off.

CONSTRUCTION FINANCINGGround-Up Construction Loans for Residential and Commercial Developers

Ground-Up Construction Loans for Residential and Commercial Developers

Construction financing from $50,000 to $50,000,000 and beyond covering land acquisition through certificate of occupancy. Draw-based funding tied to verified project milestones for single-family builds, subdivisions, multifamily developments, and commercial ground-up projects. Rates starting at 8.75%.

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$50K to $50M+

Loan Amount

From 8.75%

Rates

Up to 95%

Loan to Cost

6 to 24 Months

Term

Overview

How Ground-Up Construction Financing Works

Ground-up construction loans finance new development projects from land acquisition through vertical construction and final completion. Unlike permanent financing, construction loans release funds in staged draws as verified project milestones are completed by an independent inspector. The loan is structured around the total project cost and a loan-to-cost ratio. Residential programs available through Surge Financial allow up to 85% to 95% LTC on qualifying deals, meaning the developer contributes 5% to 15% of the total project budget. Commercial and larger multifamily programs typically cap LTC at 75% to 85% depending on asset type and developer experience.

At project completion, the construction loan is typically refinanced into permanent financing or completed units are sold. Programs cover the full spectrum of ground-up development including spec single-family homes, townhome and SFR subdivisions, multifamily apartment buildings, mixed-use developments, and commercial ground-up projects. Loan amounts start at $50,000 for smaller residential builds and scale to $50,000,000 or more for institutional development transactions.

At a Glance

Loan Amount$50K to $50M+

RatesStarting at 8.75%

Loan to CostUp to 85–95% residential, 75–85% commercial

Term6 to 24 months

Funding StructureDraw-based, tied to verified project milestones

RequiredProject plans, budget, contractor credentials

Builder reviewing blueprints at construction site

Process

How It Works

Step 1

Submit Your Project

Share the site details, project type, estimated budget, contractor credentials, and exit plan. We evaluate on fundamentals including LTC, completed value, and developer experience.

Step 2

Review Your Term Sheet

A term sheet outlining the loan amount, LTC, rate, draw schedule structure, and term is typically issued within 2 to 5 business days of a complete project submission.

Step 3

Close, Build, and Exit

The loan closes and construction begins. Draw requests are submitted as each phase is completed and confirmed by an independent inspector. At certificate of occupancy, you sell the completed units or refinance into permanent long-term financing.

Considerations

Pros and Cons

Pros

Covers land acquisition, horizontal development, and vertical construction in a single loan

Up to 95% LTC on residential programs, reducing required equity at closing

Draw-based funding aligns disbursements with actual verified project progress

No monthly payments on many programs, interest accrues and is paid at completion or payoff

Available for SFR, multifamily, mixed-use, and commercial ground-up development

Extension options available on most programs

Repeat borrower discounts available on select programs

Cons

More documentation required than bridge or hard money. Requirements include plans, budget, contractor credentials, permits

Higher minimum credit score than most short-term programs, typically 620 to 680

Construction delays extend carrying costs and may require fee-based extensions

Draw process requires independent inspections between phases, adding time

Not suitable for inexperienced developers on most programs without compensating factors

Eligibility

Do You Qualify?

Developers with a track record of completed projects qualify for higher LTC and lower rates. First-time builders are eligible on select programs with appropriate down payment and documentation. Contact us with your specific project details and we will tell you exactly where you stand.

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620–680+

Min Credit Score

Project Plans

Required

Contractor

Credentials Required

FAQ

Common Questions

Free Tool

Free Draw Schedule Builder

Build a milestone-based draw schedule for your construction project. Enter your phases and budget.

Ready to Finance Your Next Ground-Up Development?

Share your project details including the site, project type, estimated budget, contractor credentials, and exit timeline. We will come back with real structure options and tell you exactly what documentation is needed to move forward.

Submit Your Project →No upfront fees. No commitment. Nationwide coverage.