All Forum Posts by: Jake Morgan

I think in this lending environment that is going to be very very tough.  I'm just kind of guessing, but my guess is they're going to want to see like 50% down/equity not including your land.  Probably also want to see a great track record and great reserves.   Second trick is how do you sell those once you get done.  Very tough for buyers to get financing on condos where the developer owns the majority of the units.   That's why you see very few condos being built in Dallas.  

You might try someplace like Inwood National Bank, International Bank of Commerce, North Dallas Bank and Trust on Inwood/Lovers...one more contact in Midlothian that does a lot of "weird' loans.  I have to think of his name.