Palo Alto - SFR new construction secondary loan
Hi,
Looking for lenders or advice on securing 250K - 500K loan as a secondary to primary mortgage. Project is a 3500 SQ feet new construction in prime Palo Alto area. Plans approved by city, permits pulled, shovel ready. (Don't want to do a new construction loan as I have a low rate on primary mortgage). Post construction value estimated at $5M.