Land/Construction Loans - Las Vegas

[Tyler Petrie]

Investor is ready to do new construction. Found ideal lot/subdivision... Seeking referrals for Land and Construction Loans in Las Vegas.

Any suggestions?

[Karen Margrave]

@Tyler Petrie I don't have any referrals. Though this isn't the forum to advertise for a lender, you can do that if you join as a paid member, and put the ad on Marketplace. 

In the meantime, I'll tell you what a lender is going to ask: 

• What is the experience of the person doing the development?
• Are they licensed contractors? 
• How much do they have into the deal? 
• Is the land paid off? (lenders usually loan a 50% max on land)
• What are you building? 
• Do you have approved plans? 
• What is it going to cost? 
• Do you have an appraisal on the completed house? 

Those are a few of the things you need to be prepared to answer. I see you are a licensed agent, and you didn't say if it was for you or someone else. 

If you have any questions, @mention me in the post.  

Good luck.