Tell them you need a construction loan, interest only, to be converted to a SBA loan.  

With extensive experience in the construction industry and as the owner of A+ Professional Painting LLC.

I work with Neu Real Estate Group, and we focus on new construction duplexes designed specifically for rental returns.

I’ve read a lot on here about capitalizing all expenses during construction to inventory and then moving those expenses to COGS once the property is sold—makes complete accounting sense.

I've already bought the property because I was afraid of rising rates (got a 3.4% thank goodness because they're literally in the 7s now), but it's still costing me 1800/month before construction starts.

I've heard of being a J violation.Here's a linkhttps://www2.myfloridalicense.com/construction-industry/faqs/#:~:text=A%20%E2%80%9Cj%E2%80%9D%20violation%20is%20abandoning,failed%20to%20perform%20without%20cause.your contract may have an impact on the outcome. 

For example, CAPEX should be budgeted much differently on a new construction vs. a much older, non/renovated property. 

Anyone here with experience installing rainwater collection systems either below or above ground on new construction vs drilling for a well? 

Chattanooga is bustling, Steady yearlong traffic, new housing developments going up everywhere you turn your head, countless jobs being opened in this region, new highway construction to widen our 3 lanes into 5 lanes, a new MiLB stadium in the works, and many many more things.

Also, a ton of new construction in the Summerville area right now.