omegafunding
243 Posts |
 Posted - 05/01/2008 : 4:12:39 PM
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I have not done any residential lending, just the commercial side of it. I have a borrower that thinks he can get approved for a conventional loan for his construction project is that possible?
Scenario: he is approved for hard money construction on a residential spec home but he wants to see if he could get approved now for a conventional loan to takeout the construction loan in 12 months. I understand it is odd request. Are there conventional loans for scenarios like this? It is in resort area in breckenridge CO. 1.1 million
thanks
Gail
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