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Ground-up construction loans in Indiana

Ground-up construction financing in Indiana covers single-family and 2–4 unit builds, from the lot to the final line item, sized on cost and capped on as-complete value. Program terms do not change by state; permits, closing costs and the lien process do. Here is what applies in Indiana.

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PROGRAM TERMS · SAME IN EVERY STATE

Ground-up terms in Indiana

Silt's terms do not change at the state line. The term sheet reflects the property, the file and the supported value.

Loan amounts
$200K – $10M
Residential scope
1–4 units · nationwide
Leverage
90% LTC · 70% ARV
Structure
Interest-only, 12–24 mo
Draws
Funded in 48h, app-based
Projects
Infill & multi-lot
WHAT IS SPECIFIC TO INDIANA

Indiana facts that touch this loan

  • Foreclosure. Indiana is listed as a judicial-foreclosure jurisdiction: the lender files in court and a judgment precedes the sale. Court calendars, not the deed of trust, set the pace, so distressed-asset timelines in Indiana run longer than in power-of-sale states. [1]
  • Annual trending. Indiana’s annual trending uses area sales to estimate market-based assessed values. Review the property record and current trend adjustment rather than assuming the sale price is an automatic assessment. [2]
  • Foreign registration fee. Indiana’s foreign registration form lists $125 for a for-profit entity and requires a home-state certificate of existence issued within 60 days. A foreign master LLC has a different fee; counsel should determine whether the proposed rental activities require registration. [3]
  • Indianapolis annual STR permit. Indianapolis’s annual STR permit program under Chapter 852 took effect January 1, 2025. Each unit needs a permit; the city lists a one-time initial $150 fee and no renewal fee. [4]
  • Title closing protection. Indiana DOI Bulletin 199 describes closing-protection letters required in specified residential title transactions. A protection letter is distinct from title insurance and from an attorney’s legal advice. [5]
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Land value is an input assumption, not confirmed equity. Interest assumes the loan is fully drawn; actual draws change interest.

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LARGEST METRO AREAS

Where Indiana's population is

By Census Bureau population estimates, Vintage 2025 (July 1, 2025). Silt lends statewide — these markets are not a limit. Metros are ranked by full-area population among those listing this state first in the Census name; Washington is also included for Virginia and Maryland. Interstate totals are not state-only populations. [6]

  • Indianapolis-Carmel-Greenwood, IN
  • Fort Wayne, IN
  • South Bend-Mishawaka, IN-MI
  • Evansville, IN
  • Lafayette-West Lafayette, IN
FAQ

Ground-up in Indiana: questions investors ask

Does Silt make ground-up loans in Indiana?

Yes. Indiana is one of the states Silt lends in, and the ground-up program covers single-family and 2–4 unit residential construction — infill, multi-lot, spec, custom and luxury.

Is Indiana a judicial or non-judicial foreclosure state?

Indiana is listed as a judicial-foreclosure jurisdiction: the lender files in court and a judgment precedes the sale. Court calendars, not the deed of trust, set the pace, so distressed-asset timelines in Indiana run longer than in power-of-sale states.

Do ground-up terms change in Indiana?

No. The program terms are the same in every state Silt lends in: loan amounts $200K – $10M; residential scope 1–4 units · nationwide; leverage 90% LTC · 70% ARV; structure Interest-only, 12–24 mo; draws Funded in 48h, app-based; projects Infill & multi-lot. The final term sheet reflects the property and the file.

Can I close in an LLC in Indiana?

Every Silt loan closes in an LLC or corporation, never a personal name. Indiana’s foreign registration form lists $125 for a for-profit entity and requires a home-state certificate of existence issued within 60 days. A foreign master LLC has a different fee; counsel should determine whether the proposed rental activities require registration.

Which Indiana markets are largest?

By Census Bureau population estimates, the largest metro areas are Indianapolis-Carmel-Greenwood, IN, Fort Wayne, IN, South Bend-Mishawaka, IN-MI, Evansville, IN, Lafayette-West Lafayette, IN. Silt lends statewide, not only in these metros.

What do you need from the general contractor?

A licensed GC, contractor license and insurance, an executed GC agreement and an itemized budget. Plans, permits and the construction schedule should describe the same scope so underwriting and the draw plan stay aligned.

RELATED
SOURCES
  1. Fannie Mae — Foreclosure Time Frames and Compensatory Fee Allowable Delays Exhibit (method of foreclosure by state)
  2. IN — Annual trending
  3. IN — Foreign registration fee
  4. IN — Indianapolis annual STR permit
  5. IN — Title closing protection
  6. U.S. Census Bureau — Vintage 2025 metro resident-population estimates (July 1, 2025)

Estimates on this page are not a commitment to lend. State facts reviewed October 2026; laws and rates change — confirm with your title company or attorney.