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Updated over 2 years ago on . Most recent reply

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Steven Moore
  • Real Estate Agent
  • Charlotte, NC
35
Votes |
47
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Looking for conventional lender on a duplex build

Steven Moore
  • Real Estate Agent
  • Charlotte, NC
Posted

Hey everyone. 

I'm having a hard time finding a lender that will lend on a new construction duplex, this will be owner occupied. Any recommendations would be great!

Thanks!

Most Popular Reply

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Scott Trench
  • President of BiggerPockets
  • Denver, CO
6,014
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Scott Trench
  • President of BiggerPockets
  • Denver, CO
Replied

Hi @Steven Moore

Unfortunately, most conventional lenders WILL NOT lend on a new construction project, until the project is finished. You will need a Hard Money Loan to finance construction most likely (or a private money solution). 

But, once construction is finished, you will likely be able to finance with a conventional lender.

For either solution, you might try contacting with @Michael David here and he could probably help you out with this! 

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