Updated over 8 years ago on . Most recent reply
No Personal Guarantees on a Construction Loan
I am part of a group doing a development in Boston. We are looking to borrow ~$10.5mm to development the units. The group is experienced and looking for a lender that doesn't require a personal guarantee. We have enough cash to have a lot of equity in the deal, but are looking to finance as much as possible. If you are a lender or know a lender that would finance a project like this let me know and I can give you details. Thanks.
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Jay Hinrichs
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Jay Hinrichs
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of on those size loans are generally not required. I know in our market lender would be looking for
30% cash equity
Strong balance sheet
Strong experience
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