New Construction STR Loan

[Michael Cesario]

Hi, I am looking for creative ways to finance a new construction home intended for STR use. I'm aware of DSCR loans that could factor in future potential STR income based on the area, but haven't found a lender that could help with funding the construction as well. I own the land fully and have all required permits to build. My contractor has worked with banks before for submitting necessary docs re: desc of materials, cost breakdowns, and builder/buyer contract.

My W2 income is not enough to fund this project. Are there lenders in WA who I could work with to get this funded or other strategies I look for?

[Camile Case]

Yes, do you have similar construction experience or will your GC sign on the loan with you?