Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

29
Posts
10
Votes
Joseph Matarazzo
Pro Member
10
Votes |
29
Posts

Having a hard time finding a construction loan / hard money

Joseph Matarazzo
Pro Member
Posted

I found an empty lot of land which I want to build a spec house on. I can pay cash for the land, but need money for the construction costs. I ran the numbers, and even on the conservative side it is a profitable project. 

I reached out to two hard money lenders so far and got rejected from both of them. I am hoping that someone can point me in the right direction of what I can do to obtain a loan for the construction costs. 

The reason that the hard money lenders turned me down is because they believe I have no experience. I have tried to explain to them that I am a civil engineer working in construction management for over 12 years, and that my partner is a licensed architect who owns a residential design-build company and has built homes in the area for over 30 years. The only difference is that this one we are doing ourselves and not for someone else. (crazy logic in my opinion). 


Any advice on what I can do to get a construction loan? 

  • Joseph Matarazzo
  • Loading replies...