Strategies For Financing Multiple Specs And Land Development In Today's Economy

[Bryan Hancock]

So small banks pretty much all appear to be lending again in Austin. Their regulators all want them to limit spec loans to one though. Some of the more aggressive lenders will do 2 and send their overflow business to some of their small lender buddies that will use their same underwriting.

Is anyone doing something else creative to find cheap construction money currently? What have you found that is effective?

Are you using equity to finance your land development currently or are you finding other debt alternatives?