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Updated over 3 years ago on .

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Todd Wilburn
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4
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Financing on Barndominium

Todd Wilburn
Posted

Looking for advise on lender (private,crowfunding, or hard money) and types of loans that might fit my personal interest

Barndo on 40 acres (Texas)

I have paid out of pocket for the metal barndo shell ($72K) and need a loan to finance the rest of the project:

septic

H/AC

electric

insulation

framing interior/sheetrock

I am looking for a loan around $55,000 to $60,000

Value of my finished home and land : $485 to $500K

I have a loan on the land at $88k and  the value of it is $340k

I had to put some of the project on credit cards so the loan I need is to finish out and pay off some of the construction on the credit cards.

Any advise---my credit went down since putting some of the construction on credit cards