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121
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33
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Mallikarjun Reddy Pateel
  • Investor
  • New Jersey
33
Votes |
121
Posts

Mixed use Development construction costs?

Mallikarjun Reddy Pateel
  • Investor
  • New Jersey
Posted

my partners are set to close on a Land in NC, we are exploring the option of Mixed-use Development, one main component for my analysis is Debt Interest rates so can someone Recommend what are some Good loan programs or resources where i can find more Information. TIA!

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41,399
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61,120
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Jay Hinrichs
Professional Services
Pro Member
#3 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
61,120
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41,399
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Jay Hinrichs
Professional Services
Pro Member
#3 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
land loans are very tough to get..  so are you talking about your vertical loan ?

User Stats

121
Posts
33
Votes
Mallikarjun Reddy Pateel
  • Investor
  • New Jersey
33
Votes |
121
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Mallikarjun Reddy Pateel
  • Investor
  • New Jersey
Replied

yes, the loan is not for the land it's for construction. 150 residential units

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972
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Jared Rine
Lender
  • Lender
  • Sacramento, CA
264
Votes |
972
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Jared Rine
Lender
  • Lender
  • Sacramento, CA
Replied

@Mallikarjun Reddy Pateel...are you just asking for what are typical construction loan rates for a ground up mixed-use build??  I think it's going to depend...but either let me know or drop a line.  Thanks,