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Updated over 2 years ago on . Most recent reply

User Stats

1
Posts
1
Votes
Christopher Hardisty
  • Real Estate Agent
  • Beacon, NY
1
Votes |
1
Posts

Any advice for referrals on new construction loans

Christopher Hardisty
  • Real Estate Agent
  • Beacon, NY
Posted

We have a project in the Hudson Valley where we own the lots valued at around $700k and have $400k to put towards the construction. We are seeking 800K for 1 year. We are well established company with several years experience in building, construction, renovation etc. We just have must of our funds tied up in a few projects that have projected closing dates of greater than a few months away. We have seen 12% with 4pts looking for something more attractive. Property is owned in an LLC. Proposed project is 3 single family homes already approved with city.

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