Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
Apartment construction, commercial lender in Pensacola FL.
I am working to secure funding for the construction of 16 apartments near the University of West Florida in Pensacola FL. Does anyone have any recommendations for commercial lenders in the area? Loan amount is around $1.1m. Land is already purchased, site plan completed, and am working with a contractor.
And on a side note what is used for the valuation of future construction? I have the speculated CAP, and NOI but is any of this info useful/usable without current hard numbers?