No Experience? Ground Up Construction Just Got Easier

[Joyce Ann Magallanes]

Been seeing a lot of posts here from people wanting to get into ground up construction but hesitant because they've never done one before. Wanted to share something that might help.

There's financing out there right now that doesn't require prior construction experience, which is honestly rare for this asset type. A few of the terms I've seen:

✅ Up to 85% of cost financed*
✅ 70% ARV*
✅ 660 minimum FICO

For anyone who's been sitting on a lot or a teardown because the financing felt out of reach, this might be worth a look. Curious if others here have done their first GUC deal and what surprised them most about the process. Interested? Apply here. 

*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.