NEW CONSTRUCTION FINANCING
Hope all is well.
I'm looking for new construction financing. The project is in Newark, NJ and I have a pre-approved end buyer lined up for the resell/loan payoff.
I already own the land, the lot is zoned for a 2 family, the soft costs will be around $7K, construction costs will be roughly $300K and the ARV will be $425K.
The builder is on board and my architect is working on the plans.
How would you finance the build?