A closed wall hold down system is provided including at least one closed wall panel, at least one first tie rod, at least one second tie rod, at least one coupler nut, and at least one ratcheting take-up device. The at least one closed wall panel includes a bottom plate and a top plate. The at least one first tie rod projects through the bottom plate. The at least one coupler nut is coupled to the at least one first tie rod and to a first end of the at least one second tie rod. A second end of the at least one second tie rod extends through the top plate. The at least one ratcheting take-up device engages the second end of the at least one second tie rod. A method of installing the closed wall hold down system is also provided.