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  1. #1

    Residential real estate development construction loan

    I have a residential builder that needs a construction loan to finish 20 homes on a lot that he owns. Great credit and great operational history. Looking to get up to $3 million. The client already has a $2 million note on the property. 2016 revenue was $3.6 million with $240k in profit.

    Already talking to South End Capital. What other lenders will be able to help?

  2. #2
    Senior Member Reputation points: 27404
    Join Date
    Dec 2015
    Location
    Texas
    Posts
    552

    south end capital are brokers, they use newtech to fund...

    Where is the project located?
    is this project located in Texas?

  3. #3
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    838

    if it was one or two homes, I would finance it. its not the number, because i can do 3 million - its the amount of homes going up at once and he already has a 1st..
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  4. #4
    Senior Member Reputation points: 68233
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    Dec 2014
    Location
    Quogue, NY
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    1,108

    Quote Originally Posted by Davincinc View Post
    south end capital are brokers, they use newtech to fund...

    Where is the project located?
    is this project located in Texas?
    Newtek doesn't even Fund the loans- they are an Aggregator..

  5. #5
    The project is in Iowa.

  6. #6
    Hi Jstarr - lets connect and see if we can work together.

  7. #7

  8. #8
    I have a client that received funding for $1.3 million. Funder can lend up to $5.0 mill. Not an MCA lender.

    Call me at 765.517.0975.

    Lorraine

  9. #9
    Hi good afternoon, feel free to contact me on 202-536-7538 I can fund you ASAP...

  10. #10
    Senior Member Reputation points: 44858
    Join Date
    Apr 2019
    Posts
    319

    Quote Originally Posted by Izzy F View Post
    Hi good afternoon, feel free to contact me on 202-536-7538 I can fund you ASAP...
    lol

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