You can talk to the bank about a loan; however, my bet is they will want some form of contract and scope of work and will only pay him at set milestones.

We STILL have not received our construction loan from our bank because of this DELAY in tax filings!

Once pre-approved, gather your financial documents like pay stubs, tax returns, and bank statements.

Get a line of credit from a bank that leverages your equity without refinancing the properties.3.

People have to remember that the seller finance space fills the gaps that the banks leave behind. 

I still don't have a receipt or record for the transfer outside of my bank record. 

Are there other options that could be better for a construction to perm loan (not through a traditional bank)???

Credit Rating/Bank Statements/Tax Returns: Specify your requirements, if important to you.Purchase Criterion: How do you define a good deal, which will be profitable for your borrower and safe for you?

You could build a new one every 2-3 years and move into it as a primary so the bank would be more friendly with your loan.

.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.