All Forum Posts by: Anna Smith
Anna Smith has started 7 posts and replied 19 times.
Post: Spec Home Lenders - Naples, FL Investment Opportunity – New Construction
- Developer
- Naples, FL
- Posts 20
- Votes 8
Does anyone have a specific recommendation on a lender, or can a lender reach out to me so I can send the Pro Forma for review?
Post: Spec Home Lenders - Naples, FL Investment Opportunity – New Construction
- Developer
- Naples, FL
- Posts 20
- Votes 8
Quote from @Doug Smith:
We're right up the road in Tampa. One of our departments centers around financing spec builds for small builders and investors for single homes, townhome projects, or small neighborhoods up to $20 million (we can actually go above that). We love doing higher-end projects. Perhaps a phone call to talk through the deal is in order. We'll want to discuss any projects you've done in the past, what you'll have into the project, the scope of work, the contractor, and other items, but we love this type of project...and we're close by. Let's schedule a time to chat about it.
Can you reach out to me? My contact info is on my profile. Please text or email me.
Post: Spec Home Lenders - Naples, FL Investment Opportunity – New Construction
- Developer
- Naples, FL
- Posts 20
- Votes 8
Quote from @Syed Ahmed:
This sounds like a strong project in a great Naples location. Connecting with spec home lenders often works best through local real estate investor networks, builder associations, and private lending groups that specialize in new construction. A builder line of credit can also be a great tool if you plan to scale and keep multiple projects moving.I work with a lending company and have seen investors secure funding quickly when they have a solid Pro Forma and clear project plan. Feel free to connect if you want to discuss funding strategies or ideas for lining up lenders efficiently
Thank you Syed. Do you have any recommendations of how I find these local real estate investor networks other than google search?
Post: Spec Home Lenders - Naples, FL Investment Opportunity – New Construction
- Developer
- Naples, FL
- Posts 20
- Votes 8
Dear Members,
I am working on a prime new construction project in Naples, Florida’s prestigious Park Shore neighborhood — a 5,850 sq. ft. coastal contemporary residence on a 0.29-acre parcel at 3898 Crayton Rd, Naples, FL 34103. Project scope: $2,490,000 lot purchase, $1,800,000 estimated build cost, and an anticipated $3,200,000 profit after all costs. The lot is under contract with a closing target in approximately one month.
I am looking for recommendations on the most efficient ways to connect with spec home lenders. Additionally, I would appreciate any insights on obtaining a builder line of credit for this and future projects.
Our Pro Forma is complete and I am happy to share details offline for those interested in learning more about the structure and projections.
Thank you in advance for your input — time is of the essence as we are aiming to secure funding by mid-September 2025.
Post: Which Route Would You Take?
- Developer
- Naples, FL
- Posts 20
- Votes 8
Hi Amber,
Yes we are experienced with new construction and similar builds. Plan is to sell, it will be on MLS from moment we have plans to sell it to end user as spec/customizable build. Ideally would like a product with 80-90% financing on land and 100% construction if possible on jumbo.
Post: Which Route Would You Take?
- Developer
- Naples, FL
- Posts 20
- Votes 8
We are working together on this project in Naples and look forward to your input and suggestions on Jumbo products for Builders. I am the Builder on the project.
Post: New Construction Loans for Builders or Individuals
- Developer
- Naples, FL
- Posts 20
- Votes 8
Quote from @Doug Smith:
Hi Anna, We're based just North of you in Tampa and we do a lot of work in SW Florida. I'm happy to answer your specific questions. We'll do investor deals up to $20M for development all the way down to smaller single-family deals. Happy to answer questions to see if we're a fit.
Can you please message me some info so we can set up a call? Also welcomed to look me up and reach out that way: Red Key Services LLC.
Post: New Construction Loans for Builders or Individuals
- Developer
- Naples, FL
- Posts 20
- Votes 8
Naples, FL and surrounding area. I have a lot in Bonita Springs, FL that is ready to build that I need lending on. $177K land (refi), and about $589K for build. Finished value will be about $1,200,000. Looking for lower $ down as land is worth double now (around $300K). My company is Red Key Services LLC if you want to look me up. :)
Post: New Construction Loans for Builders or Individuals
- Developer
- Naples, FL
- Posts 20
- Votes 8
Hello,
I would appreciate your recommendations for lenders specializing in single-family homes, both for builders and for individuals interested in purchasing a new construction home or a home currently under construction.
Thank you,
Anna
Post: Private Lender Single Family Purchase Exterior Appraisal Only
- Developer
- Naples, FL
- Posts 20
- Votes 8
Hi,
I need recommendation on how to find a private residential lender that will do loan with exterior appraisal only due to tenant now allowing interior access due to Covid. Purchase price $445k, value $650k. Property has recent interior photos posted a few months ago on MLS. Bank owned. Located in Naples, FL.
Would prefer to close in my name for refi later.
Thank you,
Anna