I am looking for private financing for a container project in the Lake Tahoe area. I am looking for financing for both the purchase of the lot and construction. I have drawn plans in place and am speaking to the seller currently. The size of the lot is just over 6000sqft and est. sqft of the SFH is 1400sqft. I have estimated the total cost of the project at $410,000 for me.
$18,500 interest paid to lender @ 10% interest rate
Total expenses: $431,500
The time of the project is projected to be 6 months. I will wrap all expenses, then refinance the property into a 30yr conventional loan at 70% LTV.
Asking Loan amount: $410,000
I would love to discuss further, show you the plans, run the numbers I have with you, and answer any and all questions you have. I encourage all of the above!
Keaton, I need some help. I'm not sure if we have any thing that will help you. In order to find out we need the answers to a few questions. Therefore I need an email address. Thanks again for the opportunity.