Build to Rent Financing

[Jeff Graybeal]

Hey Everyone, I am a GC/Real Estate Investor that has several years of experience doing complete rehabs, but would like to grow into the build to rent space. I have some questions about financing options in this area of investing.

Some context: Our company has the capital to buy the land, put 20-30% down, and even finance the build of one property at a time out of our own accounts, but we would like to scale faster than one property at a time. We are aware that we may need to build a property to prove the experience to do so.

Vision: We’d like to purchase the lot, finance the build of a home/multi-family property, and then do a cash out refi/dscr loan at the end.

Questions:

Do we need to plan to purchase our own land and then start the construction loan process?

Is there a process where you can do the construction & refi in one swing without multiple closings?

Do you have to wait a 6 month seasoning period to be able to access your equity

We've done DSCR loans for our rental homes before, but I am unsure how the construction loan process works. During construction do you pay interest only payments or do you pay towards the expected construction cost?

Thanks!!