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Updated 3 months ago on . Most recent reply

User Stats

2
Posts
6
Votes
Trea Woodard
  • New to Real Estate
  • Atlanta Ga/Rockford IL
6
Votes |
2
Posts

Lending for new construction

Trea Woodard
  • New to Real Estate
  • Atlanta Ga/Rockford IL
Posted

Looking to get started in new developments Have a few partnership deals I did with a friend under my belt so I understand the ins and out currently looking for lenders to get started 

Most Popular Reply

User Stats

812
Posts
487
Votes
Janice Carter
  • Real Estate Broker
  • Atlanta
487
Votes |
812
Posts
Janice Carter
  • Real Estate Broker
  • Atlanta
Replied

Trea, welcome to the BP community. It is great that you already have a few partnership deals under your belt. If you are moving into new development, make sure you are talking to lenders who specifically handle construction and development financing. It is a different underwriting process than standard investment loans. You may also want to connect with an experienced commercial real estate agent and a mortgage broker who understands ground up projects.

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