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Updated over 6 years ago,
Get constrc loan to rebuild if you have an equity loan on propty
We have an apt building in Chicago that is older and that has one apartment gutted but we found out there is a water issue and foundation. We only have a Equity amount of 48500, Is there a mortgage company that can roll our existing equity loan into a construction loan to tear down this building and rebuild. There are 12 brand new town homes across the alley going up. Can anyone refer me to someone and/or give advice?