2 years later in Nov 2024, i am checking in to see everyone's opinion to the question on the original post. - What do you think will be theNext gentrifying neighborhoods in and around Chicago?

@Michael Palmer As a general rule of thumb bank originated construction debt will be WSJ Prime +1 point with a floor, 1 point origination and 75-80% LTC while meeting certain LTV thresholds (normally 70-75%).

My markup is always lower than the original lender's because I don't spend money advertising during the Super Bowl, my president doesn't have a corporate jet, and we don't have layers of management we need to pay.

Yes. the original lender probably will not but a new lender may- there first question is gonna be what is your exit strategy so be prepared to answer that question.

I've got a property under contractPurchase price $78K out the door (I have cash to close) Intent: build on the property which already has a functioning well, septic, and needs PGE installed Total buildout on the property utilities: $128K including the original land purchase price.

Originally posted by @Gilbert C Requejo:I'm looking for Propstream, does it have different post cards, like deal machine???

Originally posted by @Glenn McCrorey:BP brothers and sisters,  I quit the last job I will ever have today to focus on RE investing. 

These are also the banks that are more commonly relationship lenders and will allow your originations to out pace your balance sheet if you are consistently able to execute on the projects they fund for you.

Originally posted by @John Voychick:I'm sorry for your experience.

Originally posted by @Justin Elliott:Think I am going to give Freedomsoft a try, will keep you guys updated in the following weeks of how it goes.