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Updated 12 months ago on . Most recent reply

User Stats

80
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100
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Craig Jones
100
Votes |
80
Posts

Contractor / investor financing

Craig Jones
Posted

General contractor in business for 40+ years with an opportunity to acquire someone else's unfinished rehab for ~$2M with an ARV of $4M - $6M depending on whether we finish the existing project or tear down and start over with a better design. Projects in this price range are our bread and butter -- custom builds, whole house remodels and additions. Typically architect-designed, but also some design-build.

To date though, always owner financed.  We've never been investors or done a spec house.  

What are the best sources of financing for this scenario?  We'll explore our existing banking relationships, but I suspect there might be better options.  Too big for typical fix-n-flip type financing?

100-person employee-owned company with a strong balance sheet.  No one owns more than 10%.

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