November 29,2024: PRM Capital, a leading provider of real estate investment financing, has announced the launch of its First-Time Builder Program. Designed to support builders at all experience levels—from new entrants to seasoned professionals—the program offers a range of flexible and accessible financing options for construction projects. Through competitive terms based on builder experience, PRM Capital is making it easier for builders to achieve their construction goals with confidence and financial backing.

With up to 100% financing on construction costs, simplified qualification requirements, and favorable Loan-to-Cost (LTC) and After Repair Value (ARV) ratios, this program addresses one of the greatest challenges in the industry: securing capital. PRM Capital’s First-Time Builder Program sets a new standard in builder financing by providing customized solutions that align with each builder’s specific needs and project objectives. Program highlights vary based on builder experience.

For first-time builders (0-1 Completed Projects), PRM Capital offers a pathway to enter the construction industry with flexible financing terms:

●Land Equity: 0%
●Construction Financing: Up to 100%
●Maximum LTC: 75%
●Maximum ARV: 70%

First-time builders are required to own their land free and clear, work with a licensed General Contractor (GC), and have a minimum credit score of 680. Income documents, such as W2s or tax returns, are not required, making the process accessible and easy for those new to the industry.

PRM Capital’s program highlights vary for Intermediate Builders with two to four completed projects under their belt. Builders with some construction experience are offered increased equity opportunities and enhanced loan terms:

●Land Equity: 50%
●Construction Financing: Up to 100%
●Maximum LTC: 80%
●Maximum ARV: 70%

Experienced builders who have completed five or more projects within the last 36 months, including those owned by LLCs, qualify for highly competitive financing:

●Land Equity: 60%
●Construction Financing: Up to 100%
●Maximum LTC: 85%
●Maximum ARV: 70%

“Our First-Time Builder Program is an ideal solution for builders who want to pursue projects but may not have access to traditional financing methods,” said a PRM Capital spokesperson. “By offering terms based on each builder’s experience, we provide the flexibility and support needed to succeed.”

The program also has multiple benefits for builders of all experience levels, including the following:

●No Income Documents Required: Builders can qualify without providing W2s or tax returns, making the application process more accessible.
●Experience-Based Qualification: Builders qualify based on the number of properties they have completed or sold within the last 36 months, including those owned by LLCs.
●Licensed GC Requirement for First-Time Builders: While first-time builders are required to use a licensed General Contractor, the GC does not need to be on the loan, providing additional flexibility.

This new program reflects PRM Capital’s commitment to helping real estate investors and builders realize their visions, whether they are embarking on their first project or expanding their portfolios. By supporting construction at every level, PRM Capital empowers builders with innovative financing solutions designed to drive long-term success.

About PRM Capital
PRM Capital is a leading provider of financial solutions dedicated to empowering small businesses and investors. With a focus on personalized service and innovative financing options, PRM Capital works to bridge the gap between capital needs and investment opportunities. The company is committed to fostering growth and success in the communities it serves.

Contact Information
Website: https://prmcapital.net/
Email: [email protected]
Phone: +1 941-932-4142