Updated over 7 years ago on . Most recent reply
How to find money for construction on Entitled Real Estate
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?
Most Popular Reply
Manolo D.
#3 Contractors Contributor
#3 Contractors Contributor
- Contractor
- Los Angeles, CA
Loren Young I think Chris Mason has all the solutions. One is equity on the land, just the top of my head, but I’m not in the lending world.