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Updated over 6 years ago on . Most recent reply

User Stats

76
Posts
22
Votes
Jason Boritz
  • Developer
  • Los Angeles, CA
22
Votes |
76
Posts

Tiny home development

Jason Boritz
  • Developer
  • Los Angeles, CA
Posted

Hi everyone,

I am in the process of starting a tiny house development and had some questions about a construction loan for it.

A lender I inquired with said that there is a 150k minimum appraisal to get a loan. These tiny houses, max will sell for 100k.

Does anybody know lenders out there with more leighway with lower minimum appraisal values?

Most Popular Reply

User Stats

257
Posts
105
Votes
Jermaine Chad Ingram
  • Real Estate Agent
  • Fort Pierce, FL
105
Votes |
257
Posts
Jermaine Chad Ingram
  • Real Estate Agent
  • Fort Pierce, FL
Replied

@Jason Boritz could you not get a commercial loan to cover the entire development as opposed to trying to get a loan on a single house, one at a time time

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