After a lengthy and pricey entitlement process, I was able to get approval from the city to build my multi-property project. The projected sales price is $8M and costs will be $4 M. At this point, I don't know how to get a loan to do construction if I have no down payment. Does anyone know what options there are for entitled townhomes in Los Angeles, but no cash left for down payment?
Hi @Loren Young ! I just put in a call to my stellar lender contact about this and he's going to do a bit of research and get back to me. I'll keep you posted! Where is the property located? Are you considering partners?
@Summer Brighton Thanks for your reply and connection! My property is located 7 miles East of Downtown Los Angeles, and yes I am considering partners, investors, loans etc.
Thank you Manolo!