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Updated 3 days ago, 12/17/2024

Michael Palmer's profile image
Michael Palmer's profile image
Michael Palmer
  • Member since Nov 13, 2024
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6
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Michael Palmer's profile image
Michael Palmer's profile image
Michael Palmer
  • Member since Nov 13, 2024
Connect
Michael Palmer
1
Votes |
6
Posts
Private Lending & Conventional Mortgage Advice

Reasonable Construction Loan Terms

Michael Palmer
Posted

I'm working on obtaining a construction loan and I was wondering if anyone knew if these were relatively decent loan terms. $346,000 loan amount. 75% ARV. 3pts to the lender. $3K to escrow/title. $84K cash to close. I can provide more details but these are the highlights. Thanks in advance.

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