All Forum Posts by: Loren Young
Loren Young has started 1 posts and replied 3 times.
Post: How to find money for construction on Entitled Real Estate
Loren YoungPosted
- Monterey Park, CA
- Posts 3
- Votes 0
Thank you Manolo!
Post: How to find money for construction on Entitled Real Estate
Loren YoungPosted
- Monterey Park, CA
- Posts 3
- Votes 0
@Summer Brighton Thanks for your reply and connection! My property is located 7 miles East of Downtown Los Angeles, and yes I am considering partners, investors, loans etc.
Post: How to find money for construction on Entitled Real Estate
Loren YoungPosted
- Monterey Park, CA
- Posts 3
- Votes 0
After a lengthy and pricey entitlement process, I was able to get approval from the city to build my multi-property project. The projected sales price is $8M and costs will be $4 M. At this point, I don't know how to get a loan to do construction if I have no down payment. Does anyone know what options there are for entitled townhomes in Los Angeles, but no cash left for down payment?