Loan Structure - Purchase / Subdivide / Renovate / New Construction

Seattle, Washington
Creative Real Estate Financing
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Loan Structure - Purchase / Subdivide / Renovate / New Construction

Lindsey Waltz
Member since 2025 · 3 posts · 4 votes

Hi!

Looking for suggestions to finance a project with minimal out of pocket, deferred payments would be great.

Purchase existing single family home on 10 acres.

Subdivide into two lots. One with existing single family home. Second for new construction home.

Renovate existing home then sell. 

Build new construction home then sell.

Thank You!

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  • Sean SmithBusiness Member
    Real Estate Agent · Seattle, WA · Member since 2020 · 161 posts · 105 votes
    1y

    @Lindsey Waltz I'm not overly experienced with traditional subdividing of lots. Though I'm familiar with a lending team that can help you get permits for additional structures on a parcel, condo-ize the lot splitting it into 2 or 3 parcels, and encumber the main house with all the debt. 

    This gives you a free and clear parcel or two separate from the main home. From there, they can get you 0% down loan to develop the additional parcels. Happy to make an intro if that might be a good fit for what you're looking to do.

    Fellow Real Estate Services537 Reviews
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  • Jared RineBusiness Member
    Lender · Sacramento, CA · Member since 2009 · 1k+ posts · 277 votes
    1y

    @Lindsey Waltz..how minimal out of pocket are you thinking?  Do you have any experience with a project like this?  A lot of it will come down to the deal strength, and then your financial strength. But if you have no experience, it's going to be extremely difficult (this is just my experience from having placed construction loans over the last 10+ years). I'd be interested to hear more. 

    Jared Rine United Lending Partners53 Reviews
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  • LaMancha SimsBusiness Member
    Lender · Atlanta, GA · Member since 2019 · 240 posts · 41 votes
    1y

    Hi Lindsey, I Would Love To Connect With You To Help Discuss Your Project.

    Sims Ventures.
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  • Jake YuskaitisBusiness Member
    Lender · New Jersey, USA · Member since 2022 · 254 posts · 67 votes
    1y

    i have a program with deferred interest payments for fix and flips/rehab loans.

    [email protected]551-287-6884
    Frontier Funding LLC533 Reviews
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