Private Lending & Conventional Mortgage Advice

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Mallikarjun Reddy Pateel
  • Investor
  • New Jersey
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Mixed use Development construction costs?

Mallikarjun Reddy Pateel
  • Investor
  • New Jersey
Posted Jan 18 2022, 09:57

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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Jay Hinrichs#4 Private Lending & Conventional Mortgage Advice Contributor
  • Real Estate Broker
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs#4 Private Lending & Conventional Mortgage Advice Contributor
  • Real Estate Broker
  • Lake Oswego OR Summerlin, NV
Replied Jan 18 2022, 10:26
land loans are very tough to get..  so are you talking about your vertical loan ?

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Mallikarjun Reddy Pateel
  • Investor
  • New Jersey
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Mallikarjun Reddy Pateel
  • Investor
  • New Jersey
Replied Jan 18 2022, 10:33

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

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Jared Rine
  • Lender
  • Sacramento, CA
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Jared Rine
  • Lender
  • Sacramento, CA
Replied Jan 27 2022, 18:53

@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,