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Updated about 2 years ago on . Most recent reply

Alan C.'s profile image
Alan C.'s profile image
Alan C.
  • Investor
  • from Seattle, WA
  • Member since Jan 5, 2015
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10
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1
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Alan C.'s profile image
Alan C.'s profile image
Alan C.
  • Investor
  • from Seattle, WA
  • Member since Jan 5, 2015
Connect
Alan C.
  • Investor
  • Seattle, WA
1
Votes |
10
Posts
Private Lending & Conventional Mortgage Advice

Loan options to close on a new construction...

Alan C.
  • Investor
  • Seattle, WA
Posted

Hi all,

I am looking for options to borrow roughly $300-500k to close on a new STR home build that will be completed roughly around the end of summer 2023 (it is a $1.3 million project and I have about $450k deposited and have a $500k HELOC, but will need more to close and furnish/decorate). What options would you suggest? A bridge loan, then refi after furnishing it has been completed? Any suggestions would be much appreciated!

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