Looking for Multifamily Construction Loan Options in California

[Paul Haefele]

Hi everyone,

I’m a loan officer in California, and I have a situation where a client is looking to develop 10+ single-family detached units on a large plot of land that the client does already own. We’re exploring options for financing, possibly through a multifamily commercial construction loan. Has anyone had experience with this type of project? I’d love to hear about any lenders or strategies that worked well for you in similar situations.

Thanks in advance for any insights!

[Bryant Brislin]

@Paul Haefele in general lending for that asset class is soft right now and terms offered are making deals harder to pencil, but since your client already owns the land that may make it easier to get done.  If you want to reach out to me, I can try to suggest some lenders to reach out to.