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Updated over 7 years ago on . Most recent reply

Chris Claro's profile image
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Chris Claro
  • Investor
  • from Newport Beach, California
  • Member since Jun 2, 2017
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Chris Claro's profile image
Chris Claro's profile image
Chris Claro
  • Investor
  • from Newport Beach, California
  • Member since Jun 2, 2017
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Chris Claro
  • Investor
  • Newport Beach, CA
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Private Lending & Conventional Mortgage Advice

Looking for a construction loan, DTI tapped out

Chris Claro
  • Investor
  • Newport Beach, CA
Posted

Looking for advice on a construction loan. In escrow on a property now through Chase. Once the property closes the plan is to build 2 condos and sell. Im tapped out on my DTI, any recommendations on construction loans?

Tear down purchase price:

$1,320,000 at 30% down P&I

Would need $800k to build:

Looking at $800-$1m in profit.

Thanks 

Chris Clarizio

StavrosGroup.com 

Newport Beach Ca

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