General Contractor looking to finance new construction

[Spencer Wayne Whitley Jr.]

Just a brief rundown on my situation. I currently own a commercial general contacting company. We have built a few custom homes, however new construction residential isn’t our primary source of revenue. We have been in business almost 10 yrs. 

I also have an investment company that has been established for 10 yrs that I’ve flipped a few properties and hold land in.

**** My current issue with the lender that I recently spoke with was that I had to have experience building a SFR on my own property and have sold or refinanced and held in order to be approved for the loan. ****

little about the deal that I’m putting together 

I have a piece of land that that is permit ready plans approved ready to build on held it my property with no lien. Held in my property entity that I purposely keep a low balance and doesn’t show a lot of income. And I’d like to build the single family home and refinance with a dscr loan.

would anyone have any advice on this or suggestions 

[Caitlin Davis]

It's all about how we structure and present the experience you do have. I'm great at putting experience packages together for underwriting, and I know exactly what they look for when there's no direct construction experience verifiable by title. I also used to work at I Fund Cities! They're cool, but let me know if you have a hard time reaching them or want another option to consider.