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9
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6
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Leslie Swart
6
Votes |
9
Posts

looking for a jumbo construction for investor

Leslie Swart
Posted

borrower owns land worth 1.2 mill. Needs a construction loan for 1.3 mill to build a duplex. Prefers traditional lender over hard money. 

Most Popular Reply

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187
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24
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Nick Bednarczyk
  • Lender
  • Sarasota, FL
24
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187
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Nick Bednarczyk
  • Lender
  • Sarasota, FL
Replied
Quote from @Leslie Swart:

borrower owns land worth 1.2 mill. Needs a construction loan for 1.3 mill to build a duplex. Prefers traditional lender over hard money. 


 I do not believe a traditional lender will offer a construction loan for an investment property. Unless you are a top client of the institution. 

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