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Updated over 8 years ago on . Most recent reply

Sam Bassin's profile image
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Sam Bassin
  • Real Estate Investor
  • from Colorado Springs, Colorado
  • Member since Dec 31, 2016
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Sam Bassin's profile image
Sam Bassin's profile image
Sam Bassin
  • Real Estate Investor
  • from Colorado Springs, Colorado
  • Member since Dec 31, 2016
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Sam Bassin
  • Real Estate Investor
  • Colorado Springs, CO
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Private Lending & Conventional Mortgage Advice

Apartment construction, commercial lender in Pensacola FL.

Sam Bassin
  • Real Estate Investor
  • Colorado Springs, CO
Posted

I am working to secure funding for the construction of 16 apartments near the University of West Florida in Pensacola FL. Does anyone have any recommendations for commercial lenders in the area? Loan amount is around $1.1m. Land is already purchased, site plan completed, and am working with a contractor. 

And on a side note what is used for the valuation of future construction? I have the speculated CAP, and NOI but is any of this info useful/usable without current hard numbers?

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