All Forum Posts by: Noelle M. Granda

@Deanna McCormick This Crime-Free/Drug-Free Addendum is a brilliant idea. I will be definitely be using this in the future. I also want to research if in South FL they have these certification classes hosted by the local police department. Thank you!

I am in the same boat. Trying to find a bank that will lend out construction money is nearly next to impossible. I was able to find one but had to put up over 1.2mill in collateral. If anyone one has info for a bank working in construction development please share it would be much appreciated!

I'm planning to reach out to some smaller to mid-sized lenders w/o loan minimums and ask if they are willing to get certified in the assistance programs. Once they are approved by the County and are certified I can move on these borrowers. Thanks.

In affordable housing in SF you can only work with lenders that are certified and approved by the County to offer the assistance programs, so yo are limited to about 12. Either called up another lender explained to them my situation and are willing to go as low as 40k! Thanks.

 Yes I will be flipping these props to get very low income borrowers into them.

Hello everyone I'm new here but have been working in RE development (affordable housing) in the South Florida area for about a year now. I have about four buyers that qualify for loans but the lender refuses to do a mortgage under 100k. The purchase price of the homes are about 160-190k but with govt assistance programs the purchase price drops below 100k, around 60-90k each house. I was going to use hard/private money to finance acquisition and construction, I'm using the bank pre-approvals as an exit for the hard/private money lender. Backup exit is to sell to the general public at regular pricing w/o govt assistance programs.