Creative Financing Resource for a New Construction Duplex

[Joseph Ortiz]

Hello fellow investors, lenders and real estate professionals..

We are in the process of getting ready to build a new duplex which will be leased out when completed. The property started out as a sweetheart deal, but the latest interest rate hikes and increases in materials costs have us being very cautious about the overall expenses affecting future cashflow. Can anyone recommend a lender they may have used in the past who does both construction loans and term financing products for investors? I have made a list from BP resources but I was looking to get input if possible from investors who may have experience with  a specific company?

Thank you in advance for any help!

Angel.

[Jay Hinrichs]

Quote from @Joseph Ortiz:

Hello fellow investors, lenders and real estate professionals..

We are in the process of getting ready to build a new duplex which will be leased out when completed. The property started out as a sweetheart deal, but the latest interest rate hikes and increases in materials costs have us being very cautious about the overall expenses affecting future cashflow. Can anyone recommend a lender they may have used in the past who does both construction loans and term financing products for investors? I have made a list from BP resources but I was looking to get input if possible from investors who may have experience with  a specific company?

Thank you in advance for any help!

Angel.

 I would be talking to some local small banks that might have a construction to perm product..  most of the time though if you have never done a new build project having a great credible GC will be needed and warranted.