85% LTC. Interest-Only.
Detroit builders and investors: ground-up construction financing up to 90% LTC and 75% LTARV. 12-24 month terms. Interest-only during build. Fast draw releases.
Check My Detroit Construction Rate →Ground-up construction loans in Detroit qualify based on the property's rental income, not your W-2 or tax returns. Up to 85% LTC and 75% LTARV, 12-24 month terms, interest-only on drawn funds, first-time builders welcome with experience.
LendingStreet has structured $4.36B+ across 8,196 deals nationwide. NMLS #1734316 · 30+ capital sources · 50 states.
Detroit has the highest gross rental yields of any major US metro (10%+) and the lowest entry prices. With Ford's $740M Michigan Central campus and downtown revitalization, the city is a top BRRRR market for investors.
Gentrifying submarket adjacent to Ford's Michigan Central development
University-adjacent rental market with strong long-term tenant demand
Historic district with appreciating rents and strong tenant quality
Stable rental submarket near auto industry employment
High-cash-flow market favored by yield-focused investors
We also fund investments throughout the greater Detroit metro including Royal Oak, Ferndale, Dearborn, Birmingham, and Grosse Pointe.
Borrower names and exact addresses anonymized for privacy. Rates and terms reflect actual closed deals through LendingStreet's network of 30+ capital sources.
Detroit ground-up construction loans go up to 90% LTC (loan-to-cost) and 75% LTARV (loan-to-after-repair-value).
12-24 months standard. Extensions available if needed. Most spec builders prefer 18-month terms.
Yes, but interest-only on funds drawn — not the full loan. This keeps carrying costs manageable during the build phase.
5-7 business days from inspection. We work with regional inspectors familiar with the Detroit market.
680+ for standard programs. 720+ unlocks the best pricing. Experience required (1-2 completed projects).
Yes. Standard for construction projects — provides liability protection during the build phase.
$250K minimum. Maximum $5M+ for qualified borrowers with development experience.
Yes. Detroit infill projects are a core market. Custom homes, spec builds, and townhouse projects all qualify.
No credit pull. No commitment. Speak with a licensed financing firm that knows the Michigan investor market.
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