Ground-Up Construction Loans: What Lenders Really Want to See
Construction lending is the most scrutinized loan product in private real estate finance, and for reasons that make complete sense once you understand the lender’s perspective. Every other real estate loan type is underwritten against an existing asset: a property that can be inspected, appraised, photographed, and analyzed based on what it is right now. Construction lending is underwriting against a plan. The collateral does not yet exist









