California Ground-Up Construction Loans (Spec Homes, Duplex/Fourplex & Build-to-Rent) — 2026 Rates, LTV Caps & State Rules

California Ground-Up Construction provide business-purpose real estate investors with Up to 85% LTC / 70%–75% Completed ARV across loan amounts from $100,000 – $15,000,000+ at 9.75% – 11.75% Interest-Only on Drawn Funds (12 – 24 Months Interest-Only, 660+ FICO min FICO, 14 – 21 Business Days close). In California (CA), lenders underwrite to a Non-Judicial (Deed of Trust — Civil Code §2924) statutory framework (120–135 days-day average timeline), a 0.75% average property tax rate (~$466/mo at the $745,000 state median), and $510/$100K hazard insurance (~$317/mo).