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Francis E. Bromwell JR.
  • Contractor
  • Wilmington, DE
5
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9
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Spec Home - Loan for construction costs

Francis E. Bromwell JR.
  • Contractor
  • Wilmington, DE
Posted Nov 6 2018, 09:25

Looking to connect with small bank or private lender to fund construction costs of spec homes in New castle county, kent county, and sussex county delaware. Have multiple lots under contract with developer carrying note. I have enough cash and credit to complete 2 homes, but would like to start more at different phases to leverage my material and labor pricing. 

Looking for

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1,120
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349
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Tarik Turner
Lender
  • Lender
  • Hackensack, NJ
349
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1,120
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Tarik Turner
Lender
  • Lender
  • Hackensack, NJ
Replied Nov 6 2018, 10:13

What are your total costs to complete one home? 

Are all entitlements in place or do you need soft costs as well?

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1,021
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70
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Reginald Truss
  • Lender
  • Toledo, OH
70
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1,021
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Reginald Truss
  • Lender
  • Toledo, OH
Replied Nov 7 2018, 19:09

Francis,  send me an email address I want to ask you some questions, and send you some info.  Hope to hear from you.

Reggie Truss

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143
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16
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Montrell Brown
Pro Member
  • Lender
  • St Louis, MO
16
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143
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Montrell Brown
Pro Member
  • Lender
  • St Louis, MO
Replied Nov 11 2018, 01:48

I can do 90%, but we'll end up looping the land price into the loan package for each lot.

100% if you can secure the lots free and clear

p23finance.com/get-started

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142
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10
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Edmundo Gamas
  • Lender
  • Miami, FL
10
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142
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Edmundo Gamas
  • Lender
  • Miami, FL
Replied Nov 12 2018, 06:58

Francis:

Cash Wizard Capital would love to provide the funding you need for construction.

Please call or text me at (305) 607-2104, or e-mail me at [email protected]

I’d appreciate the documentation you have on your deal via e-mail.

Regards.