Ocean Shores, WA - Stick Build Construction Lender Needed
I have a veteran client who unfortunately can't use their VA entitlement due to having a judgement on his Credit Report. The judgement is since he co-signed on his daughters student loans which she defaulted on. In a nutshell he is looking to finance a construction in Ocean Shores, Washington. He has around 50k to put down, the cost of the lot is 9k and he found a local developer that has developed the majority of the properties in the area for a cost of around 150k. The comps for after construction range from 200k-220k for the area. Since he can't go the conforming loan route we are looking into hard money. Looking for a lender that is willing to lend for the construction with a construction to perm loan on a fixed 30yr term. Or something of the like. Any help would be greatly appreciated!