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Updated over 4 years ago on . Most recent reply

User Stats

24
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6
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Paul Nicklin
  • 20002
6
Votes |
24
Posts

Construction loans - whos lending now?

Paul Nicklin
  • 20002
Posted

Hey hope everyone is doing well.

I am under contract on a property in DC. Slightly strange as I looked at the property 2018 and declined it at the time. Now its back on the market, same price, same condition. Very pleased I could get it at the same price, but with the lending market what it is, I can only get a regular mortgage for a rental investment. Planning to develop it (4 level rowhouse) into 2 apartments. 

Looking to get a construction loan separately. Has anyone managed to get one recently, if so who from and would you recommend?

Thanks, in advance, Paul 

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