| Location | Brookhaven, GA (metro Atlanta) |
| Product | Ground-up construction loan |
| Leverage | 100% of construction costs (100% LTC) |
| Note rate | 10.39% - business-purpose, funded September 2026 |
| Existing home value (pre-demolition) | ~$570,000 |
| Projected completed value | ~$1.8 million |
| Purpose | Teardown and new construction |
Brookhaven is one of metro Atlanta's clearest teardown markets: builders buy modest post-war homes on strong lots, take them down, and deliver new construction at three times the going value. The land carries the deal - and lenders who understand that will finance the build aggressively.
The deal
A builder came to Stonehaven with a Brookhaven lot carrying an existing home valued at roughly $570,000 - acquired to be demolished. The plan: a full ground-up build with an estimated completed value of $1.8 million.
The structure
Stonehaven arranged ground-up construction financing at 100% of construction costs - the lender funded the entire build budget, with the builder's equity carried in the land. The note rate was 10.39%, business-purpose construction financing, funded September 2026. Draws follow the construction schedule, with interest accruing only on funds as they are drawn.
Why it worked
One hundred percent of cost is not a giveaway - it is what the spread earned. With roughly $570,000 of value standing on the lot before demolition and a projected $1.8 million on completion, the projected value comfortably covered land plus the full construction budget. The lender's real collateral was the gap between basis and completed value, and this deal had plenty of it.
If you are building in a teardown market
Two numbers decide these deals: what the lot is really worth today, and what the finished home will appraise for against genuine comparables. Bring both, supported, and the leverage conversation changes. Stonehaven arranges ground-up construction financing for builders and investors - the first call is a scenario review, not an application.