Ground-Up Capital for Construction & Development
Milestone-based draw financing for developers, brokers, and institutional investors building high-value commercial and residential real estate projects, deployed as part of Trusted Income Fund’s broader real estate debt investment platform of mortgage notes and structured capital solutions.
How Construction Capital Is Structured
Trusted Income Fund provides ground-up and development capital to developers, brokers, and institutional sponsors, disbursed through a disciplined draw schedule as construction milestones are independently verified. Financial institutions and capital partners rely on this structure to align funding velocity with actual project progress, reducing exposure while keeping qualified projects on schedule.
Every facility is underwritten against a defined set of criteria and leverage limits, giving sponsors clarity on capital availability from the outset of entitlement through final certificate of occupancy.
Draw Schedule Disbursement
Capital is released in structured tranches tied to verified construction milestones. Each draw request is confirmed through third-party inspection and cost-to-complete analysis before funds are disbursed, ensuring disciplined deployment of capital across the build cycle.
Underwriting Criteria
Underwriting evaluates sponsor track record and liquidity, guaranteed maximum price construction contracts, entitlements and permitting status, and market absorption data. Each submission is assessed for feasibility before capital is committed.
LTV / LTC Limits
Advance rates are calibrated to project risk, with loan-to-cost typically capped at 65% and loan-to-value on completed value capped at 60%. Conservative leverage limits preserve a margin of protection through each phase of construction.
Target Yields
Target yields on ground-up and development capital reflect the construction risk premium relative to stabilized lending, offering institutional investors and financial institutions a return profile commensurate with development-stage exposure.
Estimated returns of 20% on short-term loans.
Speak with our capital markets team about structuring your draw schedule.
