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464
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17
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Joyce Ann Magallanes
  • Lender
  • NY
17
Votes |
464
Posts

No Completed Builds Yet? We Got Something for You!

Joyce Ann Magallanes
  • Lender
  • NY
Posted

Most private lenders underwrite the deal, land value, total cost, realistic ARV, and a solid GC. Experience helps, but it is not the gatekeeper people assume it is.

The program I work with funds ground up construction up to 85%* of cost and 70%* of ARV, no prior experience required, 660 FICO minimum*.

If your build is stalled because you think you need a track record first, get the numbers in front of someone before you count yourself out. Drop your scenario and we'll take it from there. 

*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.

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Venture Estate Group LLC
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