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Updated 6 days ago, 12/29/2024

Cody Maxwell's profile image
Cody Maxwell's profile image
Cody Maxwell
  • Developer
  • from Colorado
  • Member since Dec 15, 2024
Connect

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4
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1
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Cody Maxwell's profile image
Cody Maxwell's profile image
Cody Maxwell
  • Developer
  • from Colorado
  • Member since Dec 15, 2024
Connect
Cody Maxwell
  • Developer
  • Colorado
1
Votes |
4
Posts
Private Lending & Conventional Mortgage Advice

SPEC homes line of credit

Cody Maxwell
  • Developer
  • Colorado
Posted

I currently am building spec homes in a rural area in Colorado and have been self funding the spec builds. I am looking into getting a SPEC line of credit for 1MM or 1.5MM. Each project cost is around the 400k market without land cost. Would this be better to try and go through a local bank or is there good options for private money or other banks that specialize in this?

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