Seeking lending for new construction

[Mike Brown]

Any recommendations for a lender with good rates for construction loans? We are in the teardown rebuild and new ground up homebuilding sector.

[Robert Ellis]

Quote from @AJ Exner:

Hey Mike,

Any previous Ground Up experience? That will usually be the first question for most lenders.

I have three investors in Columbus Ohio looking for ground up lender 15% LTC 75% LTV, they all are acquiring land and we are general contractors and LPs in a single purpose entity to qualify them. I'd like to talk to you further if you can offer similar terms. we have completed new builds. not sure how many it takes to qualify but looking at 1-2 would be good. each construction value is 350k with exit as a DSCR after we build them or sale. we already sold one house to rent to retirement so vertically integrated with dispositions as well. we do all the entitlements as well.