No Experience Ground Up Construction Loan is specifically designed for clients that do not have the ownership experience, but can prove in the field training, management, or overseeing of projects. Meaning the borrower does not have to have ownership in a property that was built from start to finish!
Alterative ways to be qualified:
- Be a general contractor that has 5+ builds in the last 5 years
- Employment or Management for a developer managing company on ground up projects
- Be an investor on ground up projects that they can show profits
Will consider additional types of experience, but we now do not have to have actual ownership experience for the build outs.
Call today to discuss your loan scenario and start your construction project tomorrow!
No Experience Ground Up Construction Loan Highlights
- Non-Owner-Occupied Property ONLY
- Max Loan Amount at $5MM
- Minimum FICO 680
- Property Types: 1-4 Unit, Condo, Townhome, Apartments Only
- Max LTC: 85%
- No Borrower Income
- Up To 75% LTV Of Purchase
- Interest Reserve Available
- Recourse Financing Only
- No Rural Property
- Non-Dutch Interest
- Funding in 34 States
- Appraisal Required / Transferred May Be Ok
- 100% Of Construction Funds
- Same Day LOI’s
Other Amazing Products Adam Lawrence at Valor Lending Group Can Offer:
- Hard Money Loans (35% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 10% down Jumbo’s with NO MI up to 2MM / 15% down up to $3mm
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
CALL ADAM LAWRENCE TODAY(858-344-0323) FOR ALL AND EVERY LOAN SCENERIO OR EMAIL AT ALAWRENCE@VALORLENDING.COM
Check out more of what we offer. Check out Valor’s Mortgage News to learn more!
