Michigan New Construction Loans for Investors
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Ground-up construction loans for Michigan builders and investors in Grand Rapids, Detroit, and Ann Arbor.
Accelerate Your Michigan Build Pipeline
Are you an experienced Michigan builder who can build more — but lack the funding to do so? LYNK Mortgage offers new construction loans on permit-ready single- and multi-property residential projects, with rates from 9.50%, terms up to 18 months, and a draw process designed for builders. Highlights include:
Loan-to-value up to 70% ARV
Loan-to-cost up to 85% LTC
Loan terms up to 18 months
Flexible Loans for Builders
The real estate market moves fast, and having access to reliable construction financing can give you the competitive edge you need to succeed. At LYNK Mortgage, we're committed to providing investors with the tools, funding, and expertise to transform neighborhoods and achieve exceptional returns with the best construction loans available in Michigan.
Borrow With Confidence
LYNK Mortgage has funded over $1 billion of construction loans for projects just like yours. As a trusted direct lender, we bring years of experience and personalized service to every loan, giving you confidence that you are partnering with a team of experts who understand your real estate investment goals.
Make More Money
Construction loan interest rates in Michigan from 9.50%
Get Started Now
Start your construction project with the financing you need today. Get pre-approved in minutes with our online application - or call us at 407-476-2500.
Where We Lend
AL, AR, CO, CT, DC, DE, FL, GA, IA, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, NE, NJ, OH, OK, PA, RI, SC, TN, TX, VA, WI, WV
What's Special About Michigan?
Michigan ground-up construction is concentrated where growth and capital are moving: the west side around Grand Rapids, the affluent metro Detroit suburbs in Oakland and Macomb counties, and the Ann Arbor corridor. Land is available and affordable by national standards, and effective property taxes — roughly 1.3% to 1.5% statewide — sit near the national average, so post-completion carry on a finished spec is manageable. The single factor that shapes every Michigan build schedule is the cold-climate season: roughly December through March, frozen ground and snow stall foundations, exterior, and site work.
Building in Michigan means building around winter. Frozen ground makes excavation and foundation work expensive or impossible in deep winter, concrete needs cold-weather protection, and roofing and exterior finishes are seasonal. Experienced Michigan builders sequence the dirt and foundation work for spring through fall and run interiors over winter, and they budget an 18-month construction term knowing the calendar — not labor — is usually the binding constraint. There's no hurricane exposure, so insurance is straightforward; the discipline here is scheduling against the freeze.
Michigan doesn't license general residential builders the way some states do, but residential builders and maintenance-and-alteration contractors are licensed through the state's Department of Licensing and Regulatory Affairs (LARA). We underwrite builder experience through completed projects, the builder resume, and references, and we structure draws so a winter shutdown doesn't strand a project mid-build.
The build markets are clear. Grand Rapids and the west side are the strongest growth corridor in the state — low vacancy, steady buyer demand, and active suburban expansion in Kent and Ottawa counties. The metro Detroit suburbs in Oakland and Macomb counties (Troy, Sterling Heights, Novi, Rochester Hills) run on standard suburban-build mechanics with predictable permitting and comps. Ann Arbor and Washtenaw County draw university and medical demand at higher price points. Lansing and the capital region offer affordable land, and Detroit proper has infill and Land Bank opportunities for builders comfortable with urban lot diligence.
Two factors dominate a Michigan construction pro-forma: the season and the lot. Cold-climate winters compress the workable build window — frozen ground stalls foundations and site work, and a realistic schedule budgets around a roughly December-to-March slow period, which is exactly why our 18-month term gives builders room to work around it. On the lot side, suburban Grand Rapids and Oakland County builds tend to have clean, straightforward entitlement, while Detroit infill and Land Bank parcels can carry title and utility-connection complexity that has to be cleared before the first draw. Price both into the schedule from the start.
Michigan New Construction Loan Terms
Interest rate
From 9.50%
Max loan-to-cost (LTC)
85%
Max loan-to-value (LTV, ARV basis)
70%
Loan term
Up to 18 months
Draws
Online, inspection-based, 2–5 day funding
Project types
Single- and multi-property residential
Typical close time
7–15 days
Michigan Construction Loan Borrower Requirements
Citizenship
U.S. citizen or permanent resident. Foreign-national borrowers considered case-by-case.
Entity
LLC or corporation only — no owner-occupied loans. Out-of-state LLCs work when registered locally.
Credit
Minimum FICO 680. Best pricing at 720+. Stronger files get higher LTC.
Experience
Documented prior new-construction completions strongly preferred. First-time builders considered with a qualified GC.
Permit-ready
Approved plans, permits in hand or in process, and a clear line-item budget.
Liquidity
Enough to cover down payment, soft costs, and interest reserves through stabilization.
How a Michigan Construction Loan Closes
1
Online pre-approval
Minutes. Project address, plans, budget — see your term sheet upfront.
2
Submit deal docs
3–5 days. Plans, permit status, GC info, entity docs, experience summary.
3
Appraisal & underwriting
5–10 days. Subject-to-completion appraisal, budget feasibility review, title.
4
Closing
Day 15 or sooner. Sign at title; initial draw for closing costs and lot acquisition where applicable.
5
Construction draws
Request online by line item. Third-party inspection releases, typically funded in 2–5 business days.
Where We Lend in Michigan
We originate new construction loans across Michigan, including:
Grand Rapids, Detroit, Ann Arbor, Troy, Sterling Heights, Novi, Rochester Hills, Lansing, Kalamazoo, Holland, Northville, Brighton
Not seeing your market? We lend statewide — reach out and we'll confirm coverage.
Our Lending Experts Are Here to Help
Thinking about a new construction project in Michigan? Ready to get an approval? We want to make your life easier with our flexible process and knowledgeable staff. Get started with our online pre-approval and you'll be one step closer to a fast closing.
The LYNK Mortgage Difference
Close in 7–15 Days
Human touch, AI speed — AI-assisted underwriting paired with a dedicated loan officer on every build.
Instant Term Sheets
Transparent rates, fees, and draw terms upfront — no surprises.
Easy Draw Process
Simple online draw requests with a dedicated team at every stage.
Multi-Property
Single- and multi-property projects with terms up to 18 months.
Direct Lender
We make our own decisions and fund with our own capital.
$1 billion+ Funded
Trusted by builders and investors with a proven track record.
More From LYNK Mortgage
New construction loans in nearby states
LYNK Mortgage also lends to builders in Ohio.
Frequently Asked Questions
Getting started with a ground-up construction loan from LYNK Mortgage is simple. Begin by completing our online application, which allows us to understand your funding needs. Our process is designed to minimize delays and maximize efficiency so that you can focus on what you do best: building properties in Michigan for profit.
Renovation & Construction FAQs
Questions About New Construction Loans in Michigan
Copyright © LYNK Mortgage. All Rights Reserved.
LYNK Mortgage offers fix & flip loans, new construction loans, multi-family bridge loans, and DSCR rental loans to real estate investors.
Disclaimers: LYNK Mortgage makes loans solely for business purposes (and not for personal or consumer use) and is exempt from licensing in all states in which it operates. LYNK Mortgage does not lend on owner-occupied properties. Listed rates, terms, and conditions are offered only to qualified borrowers, may vary by loan product, deal structure, property state, or other applicable considerations, and are subject to change at any time without notice. No information on this site is intended to, or shall, create a legally binding commitment or obligation on the part of LYNK Mortgage and all terms are expressly subject to LYNK Mortgage's credit, legal, and investment approval process.
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