Updated about 4 years ago on . Most recent reply
Builder’s buyer lender
I’m currently finishing my second single family spec home(under contract) and beginning construction on the third project. So far my partner and I have used our own cash to acquire the lots and build the homes. I have someone who wants us to build on their lot. We would like the buyer to obtain her own financing and then we build her home. I previously had a bank tell me that they require builders to have 3 completed projects. Does anyone have ideas on how we should structure this deal?