Have a few properties I own cash in Philadelphia that I’ll be developing. Any recommendations for construction loans? These are
Multi family flips. May keep a couple long term
I have found Meridian Bank to be extremely easy to work with on construction/renovation in Philly. For my draws, they drive by, take pictures, and release the next day. I can give you my banker's contact info if you want.
Hi Adam, if you could send me the contact info that would be great.
Let me know if I can assist
Hi Joseph, I’ll send you a private message
Spring Garden Lending is fast and easy but you can go to any of the local banks and credit unions and get great rates. Hyperion, Sun Federal, etc. I can also introduce you via email to several larger ones as well.
Many of my clients work with Crowdcopia.
Just looked them up, rates starting at 11%? Sounds crazy to me.
I should have no issue getting traditional construction financing at competitive rates
hi @adam Zell and @ryan harsche can you send those recommendations and info for the bankers? via PM to me?