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Updated over 8 years ago,
Real Estate Construction Loan
Hey guy I know a few of you are involved with multifamily real estate financing, so I thought I would ask here before contacting lenders and putting together a project.
What is the largest construction loan I could qualify for with $2m as a down payment/reserve/equity?
Also what size loan is reasonable for a 30-60 unit building? I would not want something so large that I would be pulling my hair out to lease the building.
I am just curious as to what is the average loan size for construction that I could receive based on my available assets, if someone has a scale that shows the range of potential loans by available equity, that would be helpful as well.
Thank you so much in advance and I really appreciate any feedback!