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  1. #1

    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..

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    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

    1012 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.

  3. #3
    Senior Member Reputation points: 35
    Join Date
    Nov 2021
    Location
    Brickell Miami FL
    Posts
    153

    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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