All Forum Posts by: Gaurav Malhotra

Thanks Mason. Yes, i have a list of local banks and a project summary with all details. 

Hitting the pavement!

Hello all - I am looking for approximately 1Mn in funding. I would appreciate if you could share the names / contacts of best banks for commercial real estate lending (NON OWNER OCCUPIED, office building, greater seattle area)

1. Banks

2. Commercial lenders

3. Hard money lenders

I spoke to someone from Visiolending https://www.visiolending.com/about-us. They had decent products (~5% for 5/1 arm at 30 year term) but very high pre payment penalty which gets triggered by even small early payments.

Appreciate any insights and references.

Thanks

G

Hello all - I am looking for approximately 1Mn in funding. I would appreciate if you could share the names / contacts of best banks for commercial real estate lending (NON OWNER OCCUPIED, office building, greater seattle area)

1. Banks 

2. Commercial lenders 

3. Hard money lenders

I spoke to  someone from Visiolending https://www.visiolending.com/about-us. They had decent products (~5% for 5/1 arm at 30 year term) but very high pre payment penalty which gets triggered by even small early payments.

Appreciate any insights and references.

Thanks

G

(someone from 

@kishor Y. 

    Not really - still exploring. always open to learning more and meeting new contacts. we have a few new projects we are pursuing. and can use more inputs and GC contacts.

Thanks Dave and Michael

Thanks Ben. I sent you a request to connect. Would you be open to making some introductions to some GCs in the area?

Thanks Gabriel. Sent you a DM

Hello Seattle area Real Estate pros ---

we are starting out and looking to do a spec construction for 2-5 townhomes in the Seattle area. I have received a lot of varying cost per sq ft for construction -- from 110 to 400+.

Can anyone please share actual construction cost for a simple spec townhome -- 3 bed, 2 Ba (1 + .75 + .25) ----- Total townhomes - 4, total sq ft 7000.

when i run numbers on the project I need to be below 150 for profitability.

Any recommendations for GCs that fit the bill is most appreciated.

Thanks

GM

Hello Seattle area Real Estate pros --- 

we are starting out and looking to do a spec construction for 2-5 townhomes in the Seattle area. I have received a lot of varying cost per sq ft for construction -- from 110 to 400+.

Can anyone please share actual construction cost for a simple spec townhome -- 3 bed, 2 Ba (1 + .75 + .25) ----- Total townhomes - 4, total sq ft 7000.

when i run numbers on the project I need to be below 150 for profitability. 

Any recommendations for GCs that fit the bill is most appreciated.

Thanks

GM

Hello BP members -- So glad to have found this community. 

My business partner and I are newbie Real estate investors and are currently exploring construction projects. We like to learn and want to keep doing real estate for the rest of our working lives. 

Our first two projects will be:

1. Construction of 4 to 6 townhomes / single family homes on small lots. Pretty similar to what we have been seeing in the Seattle area. LOOKING TO BUY PERMIT READY LOTS IN SEATTLE 

2. Commercial lot that needs development --- Burien, Tacoma, Everett (new airport area)

Your guidance and wishes are most welcome.

Thanks

GM