Updated over 1 year ago on . Most recent reply
New Construction Loan?
My partner and I just bought 25 lots in a great area all with city water and sewer. We've already started clearing the land and are looking for a good lender for new construction.
Market rate is going somewhere between 9.5-12% interest only payments and most do 100% of construction cost (we already bought and started clearing/grading)
We would've preferred to go private money but the private lenders we usually use are all tied up in other projects. Any bank recommendations for a good and easy draw process?
Looking for
Greensboro, North Carolina