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Updated over 10 years ago on . Most recent reply

Mark Hu's profile image
Mark Hu's profile image
Mark Hu
  • Real Estate Investor
  • from Huntington Beach, California
  • Member since Mar 14, 2008
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Mark Hu's profile image
Mark Hu's profile image
Mark Hu
  • Real Estate Investor
  • from Huntington Beach, California
  • Member since Mar 14, 2008
Connect
Mark Hu
  • Real Estate Investor
  • Huntington Beach, CA
9
Votes |
221
Posts
Private Lending & Conventional Mortgage Advice

How to obtain a construction loan in California

Mark Hu
  • Real Estate Investor
  • Huntington Beach, CA
Posted

I have been informed by my present loan officer that the major banks do not offer construction loans anymore. Has anyone here obtained a construction loan lately? We are looking to tear down a 5-plex and rebuild two spec home on it.

Thanks

MODERATOR: NO DISCUSSION OR MENTION OF SPECIFIC LENDERS IN THIS THREAD.

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Robert Chuang's profile image
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Robert Chuang
Pro Member
  • Realtor
  • from Arcadia, CA
  • Member since Jun 6, 2014
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Robert Chuang's profile image
Robert Chuang's profile image
Robert Chuang
Pro Member
  • Realtor
  • from Arcadia, CA
  • Member since Jun 6, 2014
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Robert Chuang
Pro Member
  • Realtor
  • Arcadia, CA
46
Votes |
145
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Robert Chuang
Pro Member
  • Realtor
  • Arcadia, CA
Replied

Hi @Mark Hu ,

I have done some research and I know few of the developer near Arcadia/Pasadena they use [REMOVED]. You can look into some chinese bank that they have some loans that normal banks don't offer!

  • Robert Chuang
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