Hi BP community,
I am helping out a friend who is a GC find financing for an investment property in North Carolina. He works mainly out of Florida, but has recently purchased about an acre and a quarter lot to build a home and sell it (he has another property that he purchased and is currently rehabbing and will be keeping it for himself as a Vaca home). He owns the land outright, and is looking for a construction loan. Would love to be provided with recommendations for construction loan providers or suggestions on other forms of financing.
Hard Money. Unless he can find spec. money somewhere, hard money would be his best bet.
Hey @Ariel Hoffman yep you are going to be looking for a private money lender that can lend on ground up construction here. I know a good one.
Crescent Mortgage out of Atlanta. PM for contact information