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All Forum Posts by: Paul Sofia

Paul Sofia has started 3 posts and replied 321 times.

Post: Title Insurance On New Construction

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Absolutely

Post: Any experience with VA Construction Loan

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

My pleasure, Giordano.  Good luck and thank you for your service.

Post: Any experience with VA Construction Loan

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

I don't think a "VA" construction loan exists. VA loans would be on the permanent side of lending, not the construction side. You would, however, need a VA approved builder. If you are looking to take full advantage of your VA loan, see if you can find a builder to carry the construction loan until the permanent VA loan closes.

https://vip.vba.va.gov/portal/VBAH/VBAHome/buildersearch

Post: New Modular Construction

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

The costs you will incur an addition to the mod units would be your initial site, work, footers, foundation, crane cost,set up contractor fees, HVAC systems, finish electrical, finish plumbing and trim out.  Your mod unit costs should not vary much from plant to plant.  Shipping charges will vary from plant locations.   I can refer you to a company with a wall system that is a bit different but can save you money over modular units.  There is more work done on site but should save you money offer, time and offer more benefits than modular construction.  The only real benefits mod construction offer these days is time and units are built in controlled environment.  They are typically more expensive than site built except for areas of the country with higher labor costs.  Feel free to pm me.

Post: New construction using VA loan

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

You shouldn't have a problem finding a lender to do that. Wells, Bof A, etc... You just want to use a VA approved builder. You should be able to find a local VA approved builder online.

Post: Looking to finance a subdivision in NH

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

I would need to know the level of your experience

Post: Loaning on a Commercial Building

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

What Bill said

Post: Permits and inspections

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Government at it's finest.

Post: Due Diligence On Private Lender

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

I may have a lender that would do the deal but would need some more details.  You should have some options, the 6 % will be a tough nut, though.   I would be more than happy to discuss.

Post: Due Diligence On Private Lender

Paul SofiaPosted
  • Lender
  • Charlotte, NC
  • Posts 338
  • Votes 164

Don't walk away.......RUN