Additional funds for interest reserves or to cover debt service during the lease - up phase may be available on a case - by - case basis. (montegra.com)
Payments during construction will be based on the outstanding drawn balance and will be drawn from interest reserve if applicable, otherwise payment will be due. (centralcoastlending.com)
All lenders will want to verify proof of down payment, closings costs, and a variation of monthly interest reserve (3 - 6 months). (biggerpockets.com)