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04-03-2023, 08:31 AM #1
- Join Date
- Apr 2020
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- 17
High End Residential Lender Wanted
Does anyone know of a lender that will lend construction money to finance a multi-million dollar single family residential?
Thanks.
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04-03-2023, 08:59 AM #2
Is it sold or is it spec?
I am assuming they own the land or does that have a lien?
Is the land graded, permitted, have entitlements and have final map or final plan?
Do they have the funds for LTC (Loan to Cost) above 70% - say 30%?
And are there comps in the area for similar properties?
Reach out I have people who might be able to do it depending on the answers to the above...Last edited by Olderguy; 04-03-2023 at 10:50 AM.
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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