"I had the assets, but since I didn't have a current W-2, I faced hurdle after hurdle just trying to get the bank to make an accurate assessment of my financial picture, she said. I realized that a lot of highly qualified borrowers are probably facing the same barriers simply because they don't tick traditional boxes. I wanted us to be different."
"Traditional construction lending often requires multiple applications, which can crank up closing costs and add to the constant stress of rate fluctuations, Bluj said. APB Wholesale's one-time-close construction loan programs are backed by a construction loan department and include alternative documentation options such as debt-service-coverage-ratio (DSCR) loans and qualification based on profit-and-loss statements. I am so proud of this product it has the type of flexible loans and focused service that I wish I had access to when I started my build, Bluj said."
One-time-close construction loans are available for new construction and major renovation projects across a wide range of property types. Programs simplify a process that is often costly and complex, reducing the need for multiple applications and associated closing costs and stress from rate fluctuations. Programs include alternative documentation options such as debt-service-coverage-ratio (DSCR) loans and qualification based on profit-and-loss statements. Jessica Bluj developed the programs after facing underwriting hurdles while building her custom home as a consultant without W-2 income despite having assets. APB Wholesale reported $8.3 million originations in 2024 and $6.6 million from January 2025 to January 2026.
#one-time-close-loans #construction-financing #alternative-documentation-dscr-pl #mortgage-origination
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