Recently Funded Ground-Up Construction Loan In Fort Worth, Texas

Loan Scenario:

This ground-up construction project involves a new single-family home in Fort Worth, Texas. Specifically, the first-time builder started with a property appraised at $80,000. In addition, the build carries a total budget of $185,141. As a result, American Heritage Lending provided $194,000 in funding at 73.17% Loan-to-Cost (LTC) and 59.69% Loan-to-After Build Value (LTARV). Also, the finished home holds a projected After Build Value of $325,000. Furthermore, the loan features a 12-month interest-only term. Therefore, the borrower has room to manage the full build process.

First, the scope of work covers site prep, grading, and the base, along with plans, surveys, and permits. Then, the build moves into framing, plumbing, wiring, and HVAC systems. From there, the project covers drywall, siding, roofing, and gutters. Next, exterior work includes windows, doors, a garage door, driveway flatwork, and fencing with yard work. Also, interior finishes cover flooring, tile, cabinets, counters, trim, lighting, and hardware. Finally, the budget includes a backup reserve to keep the build on track.

Fort Worth continues to draw strong buyer and builder interest thanks to steady growth and a diverse local job base. Specifically, the broader DFW region remains one of the fastest-growing metros in the country. Moreover, new builds in well-placed areas benefit from limited resale supply and steady demand. Consequently, finished homes in this market remain well placed for long-term value.

Overall, this project shows how American Heritage Lending supports first-time builders with funding for a full ground-up build. Specifically, the 12-month interest-only setup gives the borrower time to manage costs. As a result, new builders can move from land to a finished home with a clear path forward.