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Updated over 2 years ago,
PROJECT LENDING ARE THERE LENDERS THAT LEND MORE THAN 70% vs ARV
Hey experts! Question - my partner and I are in the process of hunting for deals and vetting lenders. We are hoping to to use 100% funding for project and construction ( interest payments up front is the skin in the game). One lender that we have been talking to will fund the entire loan up to 70% of the ARV. Are there other lenders out there that will fund the entire loan up to 80%? or do we need more money in the deal to get to that number? We are just starting and I know deals can be challenging so just trying to tee ourselves up to win. Thanks!