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Ground-Up Construction in Midland

Midland's published residential plan review target runs faster than the big-metro Texas norm: 5 to 7 business days, by the city's own number, with permit fees split 25% at submission and 75% after approval. That's real carry savings for a spec builder. Odessa runs its permits through the MGO Connect portal, but the city hasn't published a review-time or fee schedule, so we underwrite the draw schedule to what's confirmed, not what's assumed. We fund the land and the vertical build up to 70% LTV and 85% of cost, subject to underwriting.

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70%
max LTV
85%
of cost
Most states
funding
$5M
max loan

Typical figures, subject to underwriting and market conditions. Not a commitment to lend.

How it works

We finance both the land and the vertical construction, with a draw schedule built around your timeline. Experienced builders can access higher leverage on cost.

Who it's for
Spec home builders
Developers and operators
Lot purchase or teardown
Build-to-rent strategies
Typical terms
Loan amountUp to $5M
LeverageUp to 70% LTV / 85% LTC
Term12 to 24 months
DrawsPer build schedule
RateFrom 10.00%*
UseSpec or build-to-rent
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*Typical terms, subject to underwriting and market conditions.

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Ground-Up Construction in Midland: local questions

Resources

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