Ground-up construction loans provide the funds needed to finance the full build of a new property — from vacant land to final inspection. These loans cover essential costs such as materials, labor, permitting, and more, allowing developers to bring their vision to life without financial constraints. Unlike renovation loans, which focus on updating existing structures, ground-up construction loans are specifically designed for new developments that don’t yet have a structure in place. This type of loan is ideal for developers looking to create new commercial or residential properties, offering the financial support needed to turn a vacant lot into a thriving asset.