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,
Private lending for New Construction
I am looking for a New construction private lender. I currently have a mortgage on a Townhome and am looking to acquire a second home, I will be renting out the townhome when we move into the new home for almost double our current mortgage. I have already gotten the appraisal done and a cost break down for the build. Once complete I would have $125k of equity In the home when completed. Would a private lender be good for this type of situation? I am new to this forum and to private lending and could take as much advice as possible.