Updated over 6 years ago on . Most recent reply
long term construction loan
Hello
I bought a duplex with a loan from the bank. The zoning allows 2 more units in the same land and I would like to do that. I need your help and expertise in:
1. My options for 20 to 30 years loan to construct 2 units.
2. Do I have to arrange with the lender of the first loan before I start searching for the new loan?
your input will be highly appreciated
Most Popular Reply
@Zaid Badabwan you should call 5-10 local banks or credit unions and ask them these questions so they can prepare you ahead of time.