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Updated over 2 years ago,
Trouble finding HML for new construction in Dewey, Az
Ive managed to get an entitled parcel under contract with a subordinate agreement and I'd like to use the 1st position to obtain some cash to fund the construction. I'm desperately trying to not pull out of my severely down crypto position to make this happen. Ideally trying to stay away from conventional lending since they require the GC to manage the entire project and GC's in the area are incompetent. 40 homes under my belt in another state that doesnt require GC and I have a GC that will manage some of the project under our platform to use their license, quality control, but not to mange subs/payments.
Id prefer to pay for details out of pocket and get reimbursed at milestones from the HML.
What options do I have?