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02-02-2022, 03:23 PM #1
- Join Date
- Aug 2018
- Posts
- 20
Construction loans
Hey everyone, any lenders out there back like before the pandemic on construction loans ? like "5 arch" used to be or so ?
I'm talking about larger multi family projects.
direct lenders only please
done with the sub sub garbage...
Thanks see yah..
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02-02-2022, 04:03 PM #2
I am working on a $57M development deal now that includes land purchase (50% LTV working towards 75%) and construction (100% LTC). There are real lenders out there.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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05-15-2022, 12:07 PM #3
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
I’ve underwritten a few construction loans last month, I would need more information of course but there’s a few lenders in south Florida that’ll fund if the file looks good. Depending on size of loan, It can be syndicated for better rates and terms
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