How To Obtain Construction Financing
I recently bought an older 4 plex and I am converting the property back to condos and selling off each side. I am budgeting around $100,000 for the whole project. When I purchased the property my lender told me that once I closed that a construction loan was easy. Well I closed on the property and my lender told me they dont offer that anymore. Does anyone have any ideas to obtain $100,000 for about 6 months.
They are very easy to obtain in Co. There are 9 month programs. They are based on prime and are interest only. Are you going to sell the property or rent them out? If you are going to sell you would be looking for a builder sold construction www.loan.There are also programs if you intend to keep it and rent it out. Your question is so vague it is hard to answer it with a solid answer
Lori
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