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Updated over 3 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Kyle Jones
  • Investor
  • Minneapolis, MN
2
Votes |
8
Posts

Where does an Owner Builder in MN seeking construction funding go

Kyle Jones
  • Investor
  • Minneapolis, MN
Posted

Our next real estate investment is our own house we're build on land we own in MN using Landmark Home & Land company that provides full service support to owner builders with their kits from design to permitting to completion. We're trying to figure out financing for owner builder for $600k and looking for any suggestions or referrals. The deal comes with a MAJOR equity position upon completion, (After build value over $1M), stable high income earner with 800 credit score and full docs. I work in Commercial remodel field, around construction all day, have managed hundreds of employees at a time and managing the subs of my own home build does not scare me at all. Have consultants to assist but just looking for a financing solution through the build portion that upon completion the loan would be rolled into a traditional 30 yr mortgage or VA loan. Already pre-qualified for traditional construction loan but would have to use GC but we really want to do owner builder. Any lending referrals?

  • Kyle Jones
  • Loading replies...