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All Forum Posts by: Account Closed

Account Closed has started 6 posts and replied 15 times.

Post: To LLC or NOT to LLC, that is the Question!

Account ClosedPosted
  • Building Contractor
  • Charlotte, NC
  • Posts 17
  • Votes 5

I haven't found any hard money out there I could afford to use on a project, makes no sense. 6 points and 12% interest. Bank loan if you want to make money at all.

Post: NEW RESIDENTAL CONSTRUCTION FUNDS NEEDED CHARLOTTE

Account ClosedPosted
  • Building Contractor
  • Charlotte, NC
  • Posts 17
  • Votes 5

Abhi, I have one now just looking for funding on a  New Construction spec home  let me know if you do funding. or maybe you need one of your projects built out.

Post: NEW RESIDENTAL CONSTRUCTION FUNDS NEEDED CHARLOTTE

Account ClosedPosted
  • Building Contractor
  • Charlotte, NC
  • Posts 17
  • Votes 5

Looking for Investor with interest in funding New Construction single family homes in and around Charlotte NC. I'm a Hands on licensed building contractor, I build two or three homes a year, I've  been in the business for 30 plus years so I know the my business well, just need funding. Resume on request.

Current deal I need funding :

LTV 68 %

Loan 210,000 secured by first

12 month term, 12% interest,  2 points origination fee,

Value at completion 310,000. 

Lot I own free and clear and has a value of 65,000, county tax rolls say 78,000. I paid 34,000

Any interest contact me by email at [email protected]

Chris Seagondollar

Seagondollar Construction

Post: Looking for new construction spec funding

Account ClosedPosted
  • Building Contractor
  • Charlotte, NC
  • Posts 17
  • Votes 5
Originally posted by @Devon Garbus:

How much of a loan do you need?

1- Go to lending forum

2- Try [email protected] lisa usually does larger sized loans

I'll try that thank you

Post: Looking for new construction spec funding

Account ClosedPosted
  • Building Contractor
  • Charlotte, NC
  • Posts 17
  • Votes 5

I'm Looking for new construction spec funding on my projects in and around Charlotte North Carolina.