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Updated almost 2 years ago on . Most recent reply

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Robert Lumerman
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FINANCE FOR NEW CONSTRUCTION

Robert Lumerman
Posted

Hello,

I recently purchased a small cabin on a 5 acre parcel. I would like to build a small house on the land.

does anyone have any advise on how to secure funding?

thanks

Most Popular Reply

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Jarrod Covey
  • Lender
  • Austin, TX
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Jarrod Covey
  • Lender
  • Austin, TX
Replied
Quote from @Robert Lumerman:

Hello,

I recently purchased a small cabin on a 5 acre parcel. I would like to build a small house on the land.

does anyone have any advise on how to secure funding?

thanks


 I'd recommend searching for asset based lenders. If you already own the land, asset based lender can credit you for the equity you have in the property and make your cash to close nominal 

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