Hard money for new construction?

3 Replies

Is there a lender or program that will lend for new construction?

Have you checked the marketplace?  I think there are several there.

Why are you wanting to use hard money for new construction?  The interest will eat you alive.  Have you tried a portfolio lender?  Very reasonable rates for us.

@darlena

Can you refer one to me?

what kind of rates are out there for construction loans?  I heard its way high. 

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