However I would say those lenders would be more willing than a bank to write the mortgage, and after completion you can refinance it.Overall, its probably easier and better use of your time to just find another house that doesn't require the construction and where the numbers make sense.

The location all in,cost him X; he got an appraisal for the bank from CBRE national firmof XX and now the firm who called him mentioned paying XXX.

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

We are not too strapped for cash, but it always seems better to have more in the bank than less.

Getting into real estate doesn’t have to mean having millions in the bank.

Does the bank let you get 2.5 months late on your mortgage payments?

I'm not sure if I want to do co-hosting though. 

Some banks and lenders will calculate your Heloc payment based on the Max limit even if you only have a small portion used due to preventive risk. 

Are you going to keep the separate bank account, keep corporate minutes?

As expected the banks I've talked to thus far (that I have great relationships with) are skeptical about funding.