Updated over 4 years ago on . Most recent reply
Modular Construction Lending
I am a residental developer based out of Shreveport Louisiana and Im thinking about using true modular for the construction process of the project. After talking with the modular companies and a few banks, most of the banks are not a very familiar with the draw system modular require. Since up to 90% of construction is built in a factory they are needing over 50% up front to get started. Have anyone worked with any lenders that specialize in modular finiancing?