Construction Financing - advice

[Sonya Stanley]

HI - I am looking for ideas/advice for a stalled construction project. The town homes are prime location / beach property. The General Contractor has turned out to be awful and stopped work a few months ago.  He got his lawyer involved and now I have a lawyer involved. The bank refuses to support the firing of the GC and the GC and his lawyer keep dragging their feet on demands and have not provided a date yet on when they will be back at work.  Running out of options as my hands are tied. The loan is going to come due and the structure itself is about 85% done.  Should I look into an alternative financing solution so I can pay the bank and fire the GC so I can move the project forward?