Recently Funded Ground-Up Construction Loan In Mineral Wells, Texas
Loan Scenario:
American Heritage Lending funded a $175,986 ground-up construction refinance for a developing owner-builder in Mineral Wells, Texas. The project pencils out with a $25,000 land basis, a $182,043 construction budget, and a projected $284,000 completed value, coming in at 86.46% loan-to-cost and a comfortable 61.97% loan-to-ARV on a 12-month interest-only term.
This was a no-cash-out refinance on a new single-family build the borrower acted as owner-builder to complete, with a certificate of occupancy already issued. The scope ran the full build cycle, from permits, foundation, and framing through plumbing, electrical, roofing, HVAC, insulation, and drywall, and the refinance replaced the original financing with a clean structure to carry the home to its sale exit.
Mineral Wells sits along the US-180 corridor west of Fort Worth near Possum Kingdom Lake, an increasingly appealing Texas market for investors priced out of the DFW core. For first-time and newer builders, our construction loan program is designed to fund the ground up without requiring a long track record. Builders planning their next project can get started on our financing page.
Similar Recently Funded Case Studies: Ground-Up Construction Loan in Dallas, TX • Ground-Up Construction Loan in Oak Leaf, TX • Ground-Up Construction Loan in Egg Harbor Township, NJ
Key Deal Points
| Address | Mineral Wells, TX |
| Loan Type | Ground Up Construction – Refinance |
| Borrower Profile | Limited Experience |
| Property Type | Single Family Detached |
| Land Price | $25,000 |
| Construction Budget | $182,043 |
| After Construction Value | $284,000 |
| Loan Amount | $175,986 |
| LTC | 86.46% |
| LTARV | 61.97% |
| Term | 12-Month Interest-Only |
| Loan Structure | True Zero Point Loan |
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