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08-23-2022, 09:50 AM #1
- Join Date
- Apr 2020
- Posts
- 16
Ground Up Real Estate Construction Loan
I'm looking for a direct lender willing to loan for ground up construction for a client with a FICO of 600.
Anybody got any ideas?
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08-23-2022, 10:17 AM #2
Maybe...I assume they own the land outright and have permits and entitlements? What the loan amount, ARV? Type of construction...SFR's, commercial or ? Why the low Fico?
The reason I ask is one of my "lenders" uses investment pools and thus I can get LOI's on situations that normal "lenders" would not do. Like blanket hard money loans combining land and structures. And Fico's below 600.Last edited by Olderguy; 08-23-2022 at 06:50 PM.
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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08-23-2022, 01:49 PM #3
- Join Date
- Jan 2022
- Posts
- 42
Direct lender here.
Let me know how I can help.Dan WallaceSVPEnterprise BankNational, direct SBA lenderFast and creative financing solutions970-390-6650dwallace@enterprisebank.com
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08-23-2022, 05:38 PM #4Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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08-30-2022, 12:54 PM #5
- Join Date
- Apr 2022
- Posts
- 16
Asset class? geography? What are the capital needs? Feel free to email collateral, financials, site work, etc to my email myanovich@eyzenberg.com
We just closed on a $140mm ground up development, here's a link to the case study as reference https://eyzenberg.com/case-studies/1...-las-vegas-nv/
Thanks bud, reach out to my cell if you'd like to discuss some prelims over the phone.Maxim Yanovich
Eyzenberg & Co.
E: myanovich@eyzenberg.com
C: 305-710-9870
1200 Brickell Ave, unit 640
Miami, FL.
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