Ground-up construction financing without the experience requirement?

[Joyce Ann Magallanes]

Most lenders won't touch a new construction deal unless you have a proven track record. A completed project portfolio. Years of experience they can point to.

Which effectively locks out a huge chunk of investors who are ready to build but haven't done it before.

Here's what's worth knowing:

There are programs out there that don't require prior construction experience — and still come in at up to 85% of total cost* with a 70% ARV* cap. Minimum 660 FICO to qualify.

That's a meaningful amount of leverage for a first-time builder who has the right deal, the right contractor, and the right market.

The barrier isn't always experience. Sometimes it's just knowing where to look.

Has anyone here done their first ground-up without a prior track record? What was the hardest part of getting financing across the finish line? 👇

*Rates, LTV, and program terms are subject to change and vary based on borrower credit profile, property type, and market conditions. Not all applicants or properties will qualify. This is not a commitment to lend.