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Updated about 1 year ago on .

User Stats

11
Posts
5
Votes
Nasi K.
  • Prosper, TX
5
Votes |
11
Posts

Prosper Loan for multi retail sapace

Nasi K.
  • Prosper, TX
Posted

Hi,

We have signed the contract to buy the land ( and plan to construct multi retail) in prosper. It is part of bigger lot. We are currently in due diligence period. 

I want to check on the loan prospects for buying the land. We want to understand how much loan do lendors provide for buying the land and do they have any restrictions for the loan like need to build in 1 or 2 years etc. We will eventually construct but we are not sure exactly. 

What other things I have to keep in mind while talking to lendors?

Thanks

RK