All Forum Posts by: Ken Buck

What states do you lend in?

Hi Richard - sounds interesting, how much is each four-plex to build, square feet, unit mix?

Will they be just four-plexes or can they be condo-ized?

And single family too

I can help out with a duplex modular with wood floors, granite tops throughout, solid core doors, pella windows delivered for @ $130/sf

Send me a message, I've been working with modular for 2.5 years and finally found a way to thread the needle 

Good luck Sergey and keep us posted!

It's a tough landscape to navigate,  quality and prices all over the place.  Mine are A class,  all hard surfaces nice finish out -  $110/sf with transport 

Interesting, are these community banks or big banks or both? 

It hasn't been my experience modular cannot be financed, I have an 8 unit project now and haven't had a bank say yet that they don't do modular. Maybe you're speaking about a different type of loan than I am with more units?

@Edward Yoo pm me about modular,  doing an 8 unit modular project now at about $100/sf construction costs,  nice finish out w/ all hard surfaces. 

Hi Gus - thanks for the post and the link, I'll check that out.

I always look at capital as another piece of the expense pie and weigh out the cost of any and all sources of capital vs the cost of the deal, the management (to hire it), sales costs etc.

In my 22 years in real estate, I have never seen this much capital playing the game, it's everywhere. 

Hope that helps