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Updated about 1 year ago on . Most recent reply

Leslie Swart's profile image
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Leslie Swart
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Leslie Swart's profile image
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Leslie Swart
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Leslie Swart
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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. 

Saint Petersburg, Florida
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Nick Bednarczyk's profile image
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Nick Bednarczyk
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  • from Sarasota, Florida
  • Member since Feb 29, 2024
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Nick Bednarczyk's profile image
Nick Bednarczyk's profile image
Nick Bednarczyk
  • Lender
  • from Sarasota, Florida
  • Member since Feb 29, 2024
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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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