Updated almost 5 years ago on . Most recent reply
Construction Loan for Townhomes
Anyone have insight on how a construction loan would work on a building of 4 townhomes? We've only done standard residential loans for our investment properties, so I don't know how a construction loan would work.
What are the common terms for a property like that? I know a developer doing a couple subdivisions. I thought it might be worth looking into if we could have the construction loan so that he wouldn't have to obtain a loan or line up hard money for the construction of it.
Just mulling over some ideas, thanks for your help!