New apartment development financing?
1 Reply
Alexis G Troncoso
posted 5 months ago
I'm a new general contractor in the state of Ca and am wondering where would be a good source of financing for a new apartment development I've had in mind?
Dave Spooner
Rental Property Investor from Cincinnati, OH
replied 5 months ago
@Alexis G Troncoso That depends on a lot of factors. How large is the development? What do you estimate the cost to be?
Assuming you don't have deep enough pockets to finance it outright, you could look to add a partner with enough cash, you could go the route of a hard money lender, or you could look to leverage your contracting business as an asset to take a loan out.
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