Funding Construction
Sometimes I take for granted that not everyone has used or is familiar with hard money. I can accidentally skip over some of the key points in conversation when asked about how it can be used. Most of the time our clients use us for acquisition and construction funding together. This tends to be the cheapest and most efficient way for a client to get the most money for the deal. There are also other clients that like to purchase the property with their cash and then have us supply the construction funding. This is totally acceptable as well. This will act more like a refi rather than the traditional buy and fund type of note. We normally pull out money at closing to give you to begin the construction and then disburse the remaining amount over a few phases. These loans are quick and easy on our end. Which ever way you are comfortable using our money works just fine.
Ian Walsh
215.839.3271
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