| Location | Brookhaven, GA (metro Atlanta) |
| Product | Ground-up construction loan |
| Leverage | 100% of the stated construction budget, with land equity |
| 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 |
This Brookhaven project shows how a builder's existing land equity can support financing for the construction budget. The reported structure funded the build, while the builder's contribution remained in the land. That distinction matters when comparing proposals described as 100% financing.
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
The structure combined existing land equity with financing for the stated build budget. For another builder, the useful comparison is the complete sources-and-uses statement: land basis and debt, eligible construction costs, lender holdbacks, required reserves and cash due before each draw. An anticipated increase in value supports the discussion, but the appraisal, budget and borrower review determine the financing available.
If you are building in a teardown market
Start with two valuation questions: 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 - begin with a project review and follow-up by text.
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Planning a new project? Read our guides: Atlanta Teardown and Rebuild Loans: From Purchase to New Construction · 100% LTC Construction Loans: How Much Cash Does a Builder Really Need? · Construction Financing When You Already Own the Property: Equity and Mortgage Payoff
What the percentage measures: this case reports financing of the stated build budget, with equity already held in the land. It does not establish financing of 100% of the combined land, construction, fees and reserve costs. The exact loan amount and full sources-and-uses statement are not published, so an all-in loan-to-cost ratio cannot be calculated from these figures. The projected completed value is not a final sale price or realized profit.