I am looking for advice or recommendations on a Hard Money lender for a ground up construction project in Portland, Oregon.
A little about the project:
Proposed are 6 detached single family homes that are to be on on Tax lot that is organized under a Condo association. It is in the design phase and I hope to kick off construction early next spring.
I have searched for lenders and I am currently looking at a few to reach out to but was hoping to get some recommendations from BP members before I did this.
Do you own the land?
there are a few HML that do ground up... biggest issue will be your experience level.
but do check with Seattle funding.. Iron Bridge
PS I would consider this personally in a JV format
@Bob Green I own the land but do have a mortgage on existing house which would be paid off as part of the development.
@Jay Hinrichs Thank you for the names. I have been looking at Seattle funding but had not heard of Iron Bridge. I could be opened to the JV format.
Ok then send me a PM and we can discuss... we are pretty active in the PDX market I have 40 plus homes going right now. And I have BANK financing for vertical...
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@Bradley Greenberg I will be in touch.
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