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Program 03
Ground-Up Construction in Springfield
Ground-up construction loans built for Springfield, Missouri's growth corridor.
Ground-up construction loans fund the lot and the vertical build for spec builders and developers across the Springfield, Missouri metro, up to 70% LTV and 85% of cost, with draws that keep pace with the job. The Christian County suburbs, Nixa and Ozark, are where the metro's new-build growth is concentrated, while Greene County holds the steadier, lower-basis stock. In Ozark, the city's own materials point to a lower utility connection cost inside the corporate limits than outside them. Business-purpose only, and every structure is set in underwriting.
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
*Typical terms, subject to underwriting and market conditions.
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Local FAQ
Ground-Up Construction in Springfield, answered.
Where in the Springfield metro is new construction actually happening?
Mostly in the Christian County suburbs, not inside Greene County proper. Christian County (Nixa, Ozark) grew 7.6% from 2020 to 2024, versus 2.9% for Greene County and 1.5% for Missouri statewide. Greene County is the stable, lower-basis county an investor buys existing inventory in; Christian County is where new dirt gets built on. That split should drive your site selection before it drives your budget.
What will permit fees and plan-review timelines run on a build in this metro?
No city here publishes a fee schedule or a review timeline we could verify, so do not build a budget around a number you have not confirmed yourself. We could not locate a published building permit fee schedule or plan-review timeline for Springfield, Nixa, Republic, Willard or Ozark, and not finding one is not proof none exists. Call the city or county building department for your parcel before you finalize a construction budget or a draw schedule.
Does building outside a city's limits cost more on utilities here?
In Ozark, yes, and by a wide margin. Ozark determines its water impact and sewer connection fees by meter size, and development outside the City of Ozark is understood to pay roughly twice the inside-city rate. That multiplier has not been confirmed against a published fee table, so verify the current number with the city before you price a lot outside its limits, but the direction is clear: build inside the corporate limits or plan for a materially higher utility connection cost.
When does a new build here first land on the tax roll, and does it get the same rollback Greene County saw in 2025?
New construction is valued as of January 1 of the preceding odd-numbered year, and it is excluded from the levy rollback that lowered nearly every Greene County rate in 2025. The next general reassessment date for this metro is 2027-01-01, so a 2026 build lands on the roll at that valuation. Vacant land is classified by its immediate most suitable economic use rather than by the builder's stated intent, which matters if a lot sits unbuilt across a valuation date.
Does which city I build in change my ongoing carrying cost once the house is finished?
Yes, mainly through the school levy and the fire levy. Springfield R-12 carries the metro's lowest school levy, and Springfield is the only city in this metro with no separate fire-district levy because the city runs its own fire department. Together those two put its 2025 effective property tax rate at about 0.947% of market value, the lowest in the metro. A comparable finished house in Rogersville runs about 1.232%, roughly 30% higher, and Willard and Strafford both carry their own fire-district levy on top of the county and school stack. Where you place a spec build affects the eventual owner's carrying cost, not just your basis.
Does this metro's hail risk change how I should insure a build in progress?
Yes. Budget for a percentage wind and hail deductible, not a flat one. Springfield took its worst hailstorm on record on 2026-04-28, generating over 17,000 claims across the region and preliminary Greene County damage above $36 million. Southwest Missouri landlord and builder's-risk policies increasingly carry a percentage-of-value wind and hail deductible rather than a flat dollar amount, which is a meaningfully different exposure on a build in progress than on a finished, occupied home. Confirm the deductible structure on your builder's-risk policy before you break ground, not after a claim.
FAQ
Ground-Up Construction questions, answered.
How much of my construction project will you finance?
We fund new construction up to 70% of value and up to 85% of total cost (land plus build), in most states, on loans up to $5M. Experienced builders reach the higher end of leverage. We finance both the lot and the vertical construction within those caps.
Will you finance the land or lot purchase?
Yes. Lot acquisition is funded as part of your loan-to-cost. If you already own the lot, that equity can serve as your down payment, which often lets us fund most or all of the build cost.
How does the draw schedule work?
Construction funds are released in draws as milestones are completed and verified, not handed over at closing. You submit your budget and scope of work up front, complete a phase, request a draw, and we release that portion after inspection. You pay interest on funds as they are drawn.
What are the rates and terms on a ground-up loan?
Our construction pricing starts around 10%, interest-only, on terms of 12 to 24 months. Market ground-up rates generally run 9% to 12% with 1 to 3 points. Your pricing and leverage depend on your build experience and the strength of the project.
Do you lend to first-time builders?
We consider builders at all levels, though a track record helps your leverage and rate. A first-time builder should expect to bring a strong general contractor, a detailed budget, and typically a larger equity contribution. A well-documented project goes a long way.
What do you need to quote a construction loan?
The lot cost or current value, your construction budget and scope of work, the projected after-built value, and your build experience. With those we can size the loan against both cost and completed value and send you terms.
Resources
Guides for Ground-Up Construction
Fix and Flip · 6 min read
Fix and Flip Loan Requirements: What You Need to Get Funded
Read the guide Fix and Flip · 5 min read
What Is ARV (After-Repair Value) and How Do You Calculate It?
Read the guide Construction · 5 min read
How Ground-Up Construction Loans Work
Read the guide Getting Funded · 4 min read
LTV vs LTC: What's the Difference?
Read the guide More in Springfield
Other programs in Springfield
Fix and FlipUp to 90% / 100% rehabRental / DSCR30-yr fixed, DSCR from 0.75CRE BridgeUp to $10M, 24-36 moTransactional FundingSame-day double-close capitalBank Statement / No-DocNo tax returns requiredConventional InvestmentNon-owner-occupied investmentPortfolio LoansMultiple properties, one loanCRE PermanentLong-term agency & permSBA Financing7(a) & 504 placement
About the local figures on this page
Local rules move. Every tax rate, fee, ordinance and market figure here comes from a primary source and carries the date we read it, and we correct them as the rules change. Where a number is mid-change or we could not verify it, we say so rather than guess. Before you commit a budget, confirm anything that drives it with the city or county, and talk to your attorney or CPA on questions of law or tax.
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