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Updated almost 6 years ago,
Commercial construction loan
Looking to finance a commercial industrial NNN lease single tenant ground up purchase and build project in california. Have tenant secured. Cap rate will be very high, tenant will put down significant deposit before acquisition of property.
Question-
How can I find financing that will cover the land acquisition and construction with lowest money out of pocket? Will any lender finance based on expected cap rate, instead of the cost of land an build?