Real Estate Development & New Home Construction

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Kevin Tillery
  • Investor
  • Elizabeth, NJ
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NEW CONSTRUCTION FINANCING

Kevin Tillery
  • Investor
  • Elizabeth, NJ
Posted Jul 2 2020, 15:27

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?

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