Construction loan process and build questions
Hey All,
Hypothetically speaking, if I found a commercial space that is zoned for mixed use and I wanted to add an addition to make apartments on a second floor what type of loan would I need, new construction or something else?
A few more questions -
1. What is the process do I need to go to the town first and get plans approved then the lender to approve the plans?
2 does the builder hold the construction loan or would I?
3. Any other information About the process and how the loans work is welcomed as well.
Thank you!!!