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Updated over 2 years ago on . Most recent reply

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Jose Solorzano
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6
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Newbie needs Construction Loan & SFR subdivide advice

Jose Solorzano
Posted

I am new to BP. I have a healthy RE portfolio but no experience with my subdivision project. I am in the process of completing my subdivision and I need help finding a lender who can provide financing for two new houses, each with its own lot. More importantly, can anyone recommend someone in or around the inland empire, California who can provide some guidance with my project (contractor whos done this before, lender with contractor relations or vice-versa). Quick Q1: I need to refi my loan on this project now (currently misuse, converting from 1 lot to 3 SFR lots) your referrals would be appreciated. Quick Q2: How will my subdivision effect my ability to refinance into a new loan?

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