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Updated over 14 years ago on . Most recent reply

Bryan Hancock's profile image
Bryan Hancock's profile image
Bryan Hancock
  • #4 Off Topic Contributor
  • Investor
  • from Round Rock, Texas
  • Member since May 28, 2010

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Bryan Hancock's profile image
Bryan Hancock's profile image
Bryan Hancock
  • #4 Off Topic Contributor
  • Investor
  • from Round Rock, Texas
  • Member since May 28, 2010
Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
4,383
Votes |
8,794
Posts
Land & New Construction

Construction Loan Without Take-Out Loan Commitment

Bryan Hancock#4 Off Topic Contributor
  • Investor
  • Round Rock, TX
Posted

Do you have any advice or experience to share about not having a take-out loan for a construction project that slipped past schedule and exceeded the construction bullet? We are currently pitting a few lenders against each other and one is offering the take-out loan and the other isn't. We are trying to compare the loan products to see which is better for us and I am curious if anyone has had a poor experience with take-out loans from small lenders.

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