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Updated about 5 years ago on . Most recent reply

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Making New housing developpement

Martin Pelletier
Posted

Any tips on how can I get a loan for my project. I bought a land in the past but I had to do everything cash because bank dont want  to finance. I would like to keep some of the land for another project too. I mean rent chalets and space for camping/fishing and kayak. 

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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
Replied
Originally posted by @Martin Pelletier:

Any tips on how can I get a loan for my project. I bought a land in the past but I had to do everything cash because bank dont want  to finance. I would like to keep some of the land for another project too. I mean rent chalets and space for camping/fishing and kayak. 

This will all depend on the banks, your financial strength, and the project. Every bank is different and every bank has different appetites loans rates and terms. You will have to put together a complete project package with detailed cost estimates, contracts, engineered plans and specifications etc. as well as a complete detail financial package on you and your company.

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