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Private Lending & Conventional Mortgage Advice

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H Davda
  • Rental Property Investor
  • Redmond, WA
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Best place for a owner builder or construction loan ?

H Davda
  • Rental Property Investor
  • Redmond, WA
Posted Nov 11 2019, 20:21

We are looking to build a few homes in Seattle WA and trying to find the best bank/lender for a owner builder or construction loan? Would love to hear if anyone has recently done what we are trying to do.

Thank you

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Andrew Postell
Lender
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#1 Market Trends & Data Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
Lender
Pro Member
#1 Market Trends & Data Contributor
  • Lender
  • Fort Worth, TX
Replied Nov 12 2019, 12:42

@H Davda try posting this in the Washington forum.  You'll likely get more responses...and ones from locals in that forum than here.  Just an idea.

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H Davda
  • Rental Property Investor
  • Redmond, WA
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4
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H Davda
  • Rental Property Investor
  • Redmond, WA
Replied Nov 12 2019, 19:50

@Andrew Postell

Thank you buddy. I’ll try to figure it out how to do that. I’m new to this!

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Jared Rine
Lender
  • Lender
  • Sacramento, CA
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Jared Rine
Lender
  • Lender
  • Sacramento, CA
Replied Nov 13 2019, 22:57

@H Davda...what's your experience in building homes?

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H Davda
  • Rental Property Investor
  • Redmond, WA
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H Davda
  • Rental Property Investor
  • Redmond, WA
Replied Nov 14 2019, 00:08

@Jared Rine

First time building in the US. I’ve done building work in the UK.

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H Davda
  • Rental Property Investor
  • Redmond, WA
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H Davda
  • Rental Property Investor
  • Redmond, WA
Replied Nov 14 2019, 00:12

@Jared Rine

May consider working with a builder being my first project. We are trying to build 3 stand alone homes.

Cheers.

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Jared Rine
Lender
  • Lender
  • Sacramento, CA
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Jared Rine
Lender
  • Lender
  • Sacramento, CA
Replied Nov 14 2019, 10:03

@H Davda...Are there going to be built in WA? Do you own the land/lots?  What are sale price points for each property?  Build costs?  Etc?  I need a lot more information to possibly help you.  Feel free to PM. Thanks,