This is my first new construction loan so I am interested in what else may be out there.....Here is one set of terms for our new construction loan:Lender # 1AMOUNT: $1,935,000PURPOSE: Construction of new apartment buildingsTERM: 12 months interest only, followed by 20 years amortized repayment.

@Rick Day Welcome to BP and welcome to LA, a unique place in the world!

In your experiences guys, if HUD cancels contract on a deal where you have HOA approval already, etc... any luck in getting your application fee back from HUD since they are the ones who canceled the deal?

It's not the easiest to keep clean, but you really do get a unique look with painted floors!

Awesome way to repay his kindness too.

I have a unique situation, and since you all are experts in the real estate world, I wanted to get the opinion from knowledgeable neutral parties.

I believe upon contact, the clock resets to 10 days for the removal and repayment of costs for all items.

Congrats on finding your first deal.Regarding the property, assuming most houses are 3/1 or 2/1s in the area, being that your property is unique and in a tougher area that could be a disadvantage for you down the long run as far as rent and appreciation.

The value of the note is, to some extent, is unique to the investor.

I see that nobody had answered you post, so here goes.I wouldn't use "someone elses" contract, simply because each deal is unique.