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08-28-2020, 12:55 AM #1
- Join Date
- Aug 2018
- Posts
- 20
Constructions Loans, anyone ?
Hello, is there any decent lender who still does construction ? my client has great experience strong credibility, in short words a client every lender would like to have, my problem is that those lenders I use to take him to stopped construction loans for the time being, so I need someone who will still do high LTV with decent rates ( clients understands that times changed too the last 5-6 months), please only lenders should reply
Multi family, loans usually from 3-4 mil to 20 mil.
Thanks
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08-28-2020, 07:55 AM #2
- Join Date
- Feb 2017
- Posts
- 3,429
Sending you a PM. You obviously don't need to co-broker, so if you feel I added value and it gets funded, send me a nice gift ;-)
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09-03-2020, 02:45 AM #3
- Join Date
- Aug 2018
- Posts
- 20
Thanks, i checked with them, they ceased construction for the moment.
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09-07-2020, 09:38 PM #4
- Join Date
- Nov 2015
- Location
- Indiana
- Posts
- 17
Did you try the usual suspects like Orix/Red, Greystone, Hunt, Arbor, Axos, etc?
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09-07-2020, 09:46 PM #5
- Join Date
- Nov 2015
- Location
- Indiana
- Posts
- 17
Also, if you don't have a good relationship with them, you may want to consider going through another broker that has done a decent amount of volume with them? Construction loans are a dime a dozen right now (and I have never loved a bank that see's a construction loan as a strong deal versus an acquisition), and some lenders will do it due to other business they have done with a broker. I have a bank that I work with that is going to allow me to do one hotel construction loan because I have been sending them business every year since I have started in 2013. Just to be clear, I would not be a good person to place this as I do very little multifamily.
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09-08-2020, 11:07 PM #6
- Join Date
- Aug 2018
- Posts
- 20
Thanks, will give them a try.
someone mentioned "Omega fund. in another post, did anyone have any luck with them ? Looks like they are not so responsive, maybe they don't do construction either.
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12-16-2020, 04:27 AM #7
- Join Date
- Mar 2020
- Posts
- 160
Anthony Auriemma
Phone : 848-480-1814
Fax: 888-440-1760
Cell: 732-552-5010
Email: anthony@BilderbergBusinessLenders.com
www.BilderbergBusinessLenders.com
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12-23-2020, 03:01 AM #8
- Join Date
- Dec 2020
- Posts
- 4
Hello I am Luis Osorio and the CEO of Trust Fund Capital, Do you have any business plan in mind or you are seeking funds for projects then message me asap to get deal done.
Email: osorioluis1@zohomail.com
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