Ground-up construction · 12-month term · 10% rate · New 3-bed, 3-bath single-family home
CR Equity AI funded a $199,000 ground-up construction loan for an experienced real estate investor building a new single-family home on Maryland’s Eastern Shore. The financing was a 12-month construction loan at a 10% interest rate. It gave the borrower a full build cycle to turn a vacant lot into a finished 1,560-square-foot, three-bedroom, three-bath ranch home.
This file had been sent to over 10 lenders. We got it done.
Other lenders passed. We underwrote the sponsor, the build, and the collateral on their merits and closed the loan.
Deal Highlights
| Loan amount | $199,000 |
| Loan type | Ground-up construction |
| Term | 12 months |
| Interest rate | 10% |
| Property | 1,560 SF single-family residence, 3 bed / 3 bath |
| Location | Eastern Shore, Maryland |
| Borrower | Experienced builder-investor |
Eastern Shore Ground-Up Construction Loan: $199,000 Funded
The loan financed new construction of a single-story home on an infill lot in an established Eastern Shore neighborhood. The borrower is an experienced builder-investor with a track record of completed projects. That experience supported the leverage and draw structure on this file.
Closed After 10+ Lenders Passed
Before it reached CR Equity AI, this file had already been shopped to more than ten lenders without a closing. Small-balance construction loans can fall through the cracks: too small for banks and too hands-on for many private lenders.
We looked at what mattered: an experienced sponsor, a realistic budget, a clear scope, and a finished product that fits its neighborhood. With those in place, we structured a loan that worked and carried it to funding.
The Build: A New Single-Family Ranch
- Single-story ranch, 3 beds / 3 baths, 1,560 SF
- Blue vinyl lap siding, white trim, black shutters, and an architectural shingle roof
- Covered front porch with white railings and a concrete deck
- Block crawlspace foundation, new concrete walkway, gravel driveway, and fresh landscaping
- Infill lot among established two-story homes
Construction Draws and Execution
Funds were released against verified construction progress, so the borrower had capital when it was needed, from site work through final finishes. The 12-month term was sized to cover the full construction timeline, with room left to execute the exit.
Exit Strategy
A new build in an established neighborhood gives the sponsor a clean exit, whether that is a retail sale or a refinance into long-term DSCR financing. Investors weighing a hold can run the numbers with the DSCR Calculator.
Why Experience Matters in Ground-Up Construction
Lenders size construction risk around the sponsor. A proven builder with completed projects, realistic budgets, and reliable subcontractors can earn stronger terms and faster execution.
Learn more about CR Equity AI’s construction program.
The Result
- $199,000 — Funded
- Ground-Up Construction — Financing
- 12 Months — Loan Term
- 10% — Interest Rate
- 1,560 SF — New Single-Family Ranch
- 3 Bedrooms / 3 Bathrooms — Property Layout
- Experienced — Sponsor
- 10+ Lenders Passed — Before Closing
Has Another Lender Passed on Your Project?
Send it to us. We’ll review the sponsor, budget, and project plan on their merits.
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Deal information is provided for informational and marketing purposes. Financing terms, rates, fees, valuations, and approval criteria vary by transaction and are subject to underwriting and applicable program guidelines. CR Equity AI, Inc. NMLS ID 2797309.