GC Spec house financing

[Hunt Van Winkle]

Hello,

Any GCs able to get around 90% LTV on new construction? I've searched through most hard money lenders and they are all around the 75% or so.
Thanks!

[Ty Coutts]

Hello Hunt Van Winkle,

Banks typically lend with a maximum LTV ratio of 75% for several reasons related to risk management, regulatory requirements, and financial stability. Although, there are a few ways to get that number up. I've found some lenders that will go up to 80% sometimes, but I think your best bet might be a government-backed loan if you want such a high LTV ratio. I am loan officer licensed in NC, so if you are interested in speaking on the phone to really discuss your situation, please do not hesitate to schedule a time to talk using the link below.

https://calendly.com/tycoutts

[Mike Klarman]

GUC uses the LTC metric.  I've seen up to 85% LTC for an experienced builder who has done personal projects.

[Robert Ellis]

Quote from @Hunt Van Winkle:

Hello,

Any GCs able to get around 90% LTV on new construction? I've searched through most hard money lenders and they are all around the 75% or so.
Thanks!

 85% is standard