Financing First GUC

[James Brown]

Greetings BP,

I'm looking for any direction on finding a lender for my first GUC for a multi-family project. I've rehabbed before but lenders want construction experience on 1-2 builds. I will own the land free and clear so that won't be an issue. I have my builder ready to go. Just need the financing. I considered just doing an FHA One-Time close loan for a SF just to get a project under my belt. I would much prefer to use the land for a mfh to produce max return though.

Anyone know of any products that will lend with no experience?

[James Brown]

Quote from @AJ Exner:

Hey James,

How many units specifically are you looking to build on this parcel?

4 units. If Loan amount cant cover will settle for a duplex.