Updated about 2 months ago on . Most recent reply
Lending for new construction
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
Looking for
Rockford, Illinois
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Janice Carter
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#1 New Member Introductions Contributor
- Real Estate Broker
- Atlanta
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Janice Carter#1 New Member Introductions Contributor
#1 New Member Introductions Contributor
- Real Estate Broker
- Atlanta
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.