A DSCR (Debt Service Coverage Ratio) loan qualifies borrowers based on the rental income of the investment property rather than personal income. No W-2s or tax returns are required. The property's monthly rent must cover the mortgage payment, typically at a ratio of 1.0 or higher.

How fast can I close a DSCR loan?

AllApprovedHere typically closes DSCR rental loans in 21 days or fewer, significantly faster than conventional lenders.

What states does AllApprovedHere lend in?

AllApprovedHere / Barrett Financial Group is licensed to lend in Arizona (AZ), California (CA), Washington (WA), Nevada (NV), and Colorado (CO).

What is the minimum DSCR ratio required?

Most DSCR loan programs require a minimum DSCR ratio of 1.0, meaning the property's rental income must at least cover the monthly mortgage payment. Programs with stronger ratios (1.25+) qualify for better rates and terms.

Do you offer construction loans for ground-up development?

Yes. AllApprovedHere offers ground-up construction loans with up to 90% LTC (Loan-to-Cost), 12-24 month terms, and interest-only draw schedules for residential and commercial development projects.

What is the maximum LTC for a construction loan?

Most programs go up to 90% LTC (loan-to-cost). The loan is also subject to a 65–75% LTV cap based on the as-completed appraised value.

Do I need a licensed general contractor?

Yes, for most programs. First-time builders must use a licensed GC. Experienced developers may qualify for owner-builder programs.

How long is the construction loan term?

Standard terms are 12–24 months. Extensions of 3–6 months are available for an extension fee.

When does interest start accruing?

Interest accrues only on funds drawn, not the full loan amount. This keeps carrying costs low during construction.

Ground-up construction development project

Construction Loans

Build From the
Ground Up

Ground-up construction and new development financing with flexible draw schedules, competitive rates, and a team that understands the build process.

Get Construction Financing Speak With a Specialist

Up to 90%

Loan-to-cost

12-24 Mo

Loan terms

Flexible

Draw schedules

IO Draws

Interest-only during build

How Construction Financing Works

From land acquisition to final draw — we fund each phase of your build.

Phase 1

Pre-Construction

Submit plans, budget, and timeline. We review and approve your construction scope, issue a commitment letter, and fund land acquisition if needed.

Phase 2

Foundation & Framing

First draw funds foundation, framing, and rough-in work. Inspector verifies completion before each draw release.

Phase 3

Build-Out & Systems

Subsequent draws fund MEP (mechanical, electrical, plumbing), insulation, drywall, and interior systems.

Phase 4

Completion & Perm

Final draw at completion. Option to convert to permanent financing (DSCR or conventional) upon certificate of occupancy.

Construction Program Features

Ground-Up New Build

Single-family, multi-family, townhomes, and mixed-use projects from lot to completion.

Spec & Pre-Sold

Financing for speculative builds and pre-sold construction with flexible terms.

Land + Construction

Single-close loans covering land acquisition and construction in one package.

Flexible Draw Schedule

Customized draw schedules aligned to your build timeline and milestones.

Interest-Only During Build

Pay only interest on disbursed funds during the construction period.

Perm Conversion Option

Convert to a permanent DSCR or conventional loan at completion — no second closing.

Elio Integration

Manage Your Build With Elio

Track contractors, manage draw requests, monitor progress with LiDAR scanning, and keep your construction project on budget — all connected to your financing.

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Construction Loan FAQ

Free Project Review — No Obligation

Ready to Finance Your Build?

Tell us about your project and get matched to construction programs in minutes. A specialist will follow up within 1 business hour.

Up to 90% loan-to-cost

Interest-only draw schedule

12–24 month terms

Ground-up and ADU eligible

Join 200+ developers funded this year

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Explore Related Programs

Also investing in existing properties? See our rental and renovation programs.

DSCR Rental Loans

Qualify based on rental income, not personal income. No W-2s required. Close in 21 days.

Learn more

Fix & Flip Loans

Purchase + rehab financing in one loan. 100% rehab financing available. 12–18 month terms.