CONSTRUCTION LOANS FOR SPEC NEW CONSTRUCTION - ORANGE COUNTY CA

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CONSTRUCTION LOANS FOR SPEC NEW CONSTRUCTION - ORANGE COUNTY CA

Karen MargraveBusiness Member
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Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes

We are brokers/builders/developers in Orange County, CA.  I am looking for sources for spec construction financing on upcoming projects. I don't have a specific project right now that needs funded, but will in the near future.  If you lend on such projects, please send me your contact information and basic info. Term asked for is 12 months, though project usually completes sooner. 

You can see a sample of what we are doing by going to The Margrave Group , our development company does business under Parlay Investments, LLC (however; I'm in the process of rebuilding that website)

We have over 30 years experience building spec residential, multi family residential, residential subdivisions, small office parks, office buildings, medical office space, medical/dental clinics, and other commercial properties.  

We are licensed in both real estate, general and electrical construction. Our team does all preliminary site and building design and renderings, as well as construction and project management. 

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Josh Bryant
Investor · Portland, OR · Member since 2012 · 40 posts · 3 votes
12y

Karen,

Have you checked out SFG out of Seattle? Spoke with them awhile back about one I was working here in Portland...they seemed to have some good "spec" options.

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  • Keith Anderson
    Real Estate Lender · Atlanta, GA · Member since 2014 · 48 posts · 9 votes
    12y

    Hi Karen, 

    I will send info to your email.

    Keith

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  • Josh Bryant
    Investor · Portland, OR · Member since 2012 · 40 posts · 3 votes
    12y

    Karen,

    Have you checked out SFG out of Seattle? Spoke with them awhile back about one I was working here in Portland...they seemed to have some good "spec" options.

    1Reply
  • Karen MargraveBusiness Member
    Moderator
    OP
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    12y

    @Josh Bryant Actually Jay Hinrichs also mentioned them to me, and I'd forgotten about them. I will check them out. Thanks. 

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  • Pavel Sakurets
    Investor · Minneapolis, MN · Member since 2014 · 332 posts · 74 votes
    11y
    Originally posted by @Karen Margrave:

    We are brokers/builders/developers in Orange County, CA.  I am looking for sources for spec construction financing on upcoming projects. I don't have a specific project right now that needs funded, but will in the near future.  If you lend on such projects, please send me your contact information and basic info. Term asked for is 12 months, though project usually completes sooner. 

    You can see a sample of what we are doing by going to The Margrave Group , our development company does business under Parlay Investments, LLC (however; I'm in the process of rebuilding that website)

    We have over 30 years experience building spec residential, multi family residential, residential subdivisions, small office parks, office buildings, medical office space, medical/dental clinics, and other commercial properties.  

    We are licensed in both real estate, general and electrical construction. Our team does all preliminary site and building design and renderings, as well as construction and project management. 

    If you have strong financials 7 out of 10 local community's banks will lend you money for specs at 75%LTV and 9 months term. We are in MN and get 4.5% APR, 0.5% origination loans and extend the terms after 9 months for another 9 months if we need to and pay $1000 extension fee.

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  • Lisa Arlt Escoto
    Vienna, VA · Member since 2011 · 80 posts · 8 votes
    11y

    @Karen Margrave I'd love to take a look at your projects and can probably help you.   check out my website below for info.  I'm messaging you privately to make sure this message doesn't get flagged an deleted by admin for self-promotion/spam.  

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  • Karen MargraveBusiness Member
    Moderator
    OP
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    11y

    Thanks everyone. Actually we have the financing for the project in Capo Beach. The next one will be on the two condos in San Clemente (though I think the lender on the San Clemente house will roll money over into that) 

    However; I wanted to put out this post as we are always looking for new financing sources that like new construction, and have an understanding of the process. Our goal is to start getting back in to larger projects, multi family, mixed use, medical office, etc. as that's where our experience has been. There's some great projects here, but are higher dollar than what our current lenders can do, so I'm just trying to gauge interest. 

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    11y

    @Karen Margrave 

      I tried to send you a PM on this system but it said I could not send more than 10 messages a month. whats up with that I have the highest level of membership

    any way e mail me I want to speak with you briefly if your able.

    [email protected]

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
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  • Alex Bejenaru
    Lender · Yorba Linda, CA · Member since 2014 · 68 posts · 20 votes
    11y

    @Karen Margrave , US Bank offers construction financing and is the only banking doing it. Send me a PM or call me anytime and we can go over some of the details. It's a very popular product for us since not too many other people offer this program. I'm located locally in Anaheim as well 

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