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Updated over 6 years ago on . Most recent reply

Aubrey H.'s profile image
Aubrey H.'s profile image
Aubrey H.
  • Rental Property Investor
  • from Iowa
  • Member since Jun 28, 2018
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Aubrey H.'s profile image
Aubrey H.'s profile image
Aubrey H.
  • Rental Property Investor
  • from Iowa
  • Member since Jun 28, 2018
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Aubrey H.
  • Rental Property Investor
  • Iowa
26
Votes |
35
Posts
Private Lending & Conventional Mortgage Advice

How to finance new construction?

Aubrey H.
  • Rental Property Investor
  • Iowa
Posted
We are looking at developing a city block into several MF units (per city codes). We are looking at way as to finance this new project. What have you found as the best financing for new construction of investment properties?
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Bob Green's profile image
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Bob Green
  • Lender
  • from Mokena, IL
  • Member since Oct 20, 2014
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Bob Green's profile image
Bob Green's profile image
Bob Green
  • Lender
  • from Mokena, IL
  • Member since Oct 20, 2014
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Bob Green
  • Lender
  • Mokena, IL
261
Votes |
1,251
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Bob Green
  • Lender
  • Mokena, IL
Replied

Hello Aubrey,

I understand loan amount and what the appraised value is but what amount are you acquiring the land for? - Additionally what is the cost to build and the after completion value?

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