In our markets we pitch the floorplan we have and build cost and then help identify lots that can be built around and analyze the submarkets to see where the investors and us both agree to be the best fit for their strategy (hold or sell for a profit since we build about $155 a sq ft with margin and homes sell for $219 per sq ft on average) and based on that we build it on their construction loan.

It's very interesting that TreppWire releases several information that the lowest number of distress MF loan is located in south/north dakota, minneapolis and California !

If your loan is a short term loan with a balloon payment, then you are likely going to be required to refinance or pay off the balance. 

I have been paying my loan out of the pocket since early December and am already about $3,000 short just in interest I paid so far.

I asked why not use a construction to permanent loan and avoid the redundant transactional fees of multiple loan originations, title policies, recording fees, appraisals not to mention investment of time.

HI Kareem,Are you in a hard money loan to purchase this property?

I am a first time home buyer and not sure what kind of loan would be best?

My plan is to FHA/low downpayment loan to a multifamily property, where I'd live for a bit then turn it into an investment property when I move on to my next investment. 

Dcsr loan could be a good play, that 20% down is a major kicker though

I put down 25% down payment, and got a loan for 75% of the purchase price so I have $53,475 equity in the condo.