My partner and I do about 10 projects per year but we are looking to scale that number even higher (we have 5 active under construction now)
While we do like our current lender we are looking for another lender with better terms. Looking for anyone who could provide some of the following terms:
100% purchase & rehab (or close to it)
Monthly payments wrapped up into the loan (paid at the end or off of a refinance)
Money $ at closing to start construction would be nice (a lender were in talks with just offered that)
Interest payments are only on drawn amounts
Someone who can deal with full renovations only ( all our construction budgets are 120k + we convert single families into multi families)
anybody who knows a lender like this please comment below. We work in the Philadelphia!
