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Updated almost 5 years ago,

Philip Ganz's profile image
Philip Ganz's profile image
Philip Ganz
  • Lender
  • from Fort Lauderdale
  • Member since Nov 12, 2017
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User Stats

190
Posts
117
Votes
Philip Ganz's profile image
Philip Ganz's profile image
Philip Ganz
  • Lender
  • from Fort Lauderdale
  • Member since Nov 12, 2017
Connect
Philip Ganz
  • Lender
  • Fort Lauderdale
117
Votes |
190
Posts
Buying & Selling Real Estate

Mechanical Lien Lien Bond Solutions - Any Options less than 100%

Philip Ganz
  • Lender
  • Fort Lauderdale
Posted

I got a contractor lien on my development for 32,000. The bank will not release future funds unless I satisfy the mechanical lien.  Therefore need to get a lien bond. I was quoted I need 100% of the actual lien 32,000 and a 2% fee. 

Are there any companies that offer lien bonds for less than 100%? 

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