New Construction Fourplex

[Joseph Cohen]

Hey everyone,

For those of you doing new construction, how difficult was it to secure a construction loan with favorable rates on your first or second development?

Are there any local or regional banks that will work with newer developers, or is hard money typically the only option at this stage? Also, what interest rates and terms should a first-time builder realistically expect today?

Any insight, lender recommendations, or firsthand experiences would be greatly appreciated.

Thanks in advance!

Joseph