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Updated almost 9 years ago,

User Stats

10
Posts
9
Votes
Jesse Tanner
  • Real Estate Agent
  • Newnan, GA
9
Votes |
10
Posts

Seeking Lender Insight on New Construction

Jesse Tanner
  • Real Estate Agent
  • Newnan, GA
Posted

Closing a new construction loan soon in Atlanta and I'm looking for insight as a HM lender on a new construction deal. Our company has lent on several fix and flip deals but our experience with new construction is limited.  Specifically, what is reasonably fair on the draw schedule and hold back percentage per draw? Any other wisdom on how to treat the deal differently from a lender's perspective. I'd also like to hear builder/borrower's perspective as well. 

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