Financing options for Developer
Medium sized developer building approximately 50 homes per year. Funding is almost entirely cash and we’re looking to add a greater percentage of financing.
Problem is that traditional mortgage lending is too inefficient. Inspections and significant transaction costs slow things down and are not a great fit for our goal of increasing volume. Have many banks willing to lend and have had discussions about line of credit type financing but haven’t found what I think is the ideal structure yet.
Looking for thoughts on how to efficiently add financing to a 10MM + portfolio.
Thanks!!