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177choi
10 Posts |
 Posted - 05/13/2008 : 7:12:34 PM
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I have a strong brrwr that wants to build on some acreage.
Needs approx. $750K; trying to build a large home on a vineyard.
Currently owns his primary (free and clear)
Good construction lenders, please contact me and send basic requirements and construction schedule.
General Scenario:
construction
740 fico
2nd home - vacation home
0x30 primary home is free and clear
approx. $750K loan amt
sfr
full doc
LTV?
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kyzer650
42 Posts |
Posted - 05/13/2008 : 7:13:45 PM
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| Does he own the land free and clear? |
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177choi
10 Posts |
Posted - 05/13/2008 : 7:19:59 PM
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quote:
Originally posted by kyzer650
Does he own the land free and clear?
Good question... I have to ask and will get back to you. |
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omegafunding
271 Posts |
Posted - 05/13/2008 : 9:10:21 PM
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He will need to bring in at least 30% cash or take equity out of the land. We work with direct private sources, no bank games no red tape.
Call to discuss
Omega Funding, Inc
www.omegafund.com
720-279-4345
quote:
Originally posted by 177choi
I have a strong brrwr that wants to build on some acreage.
Needs approx. $750K; trying to build a large home on a vineyard.
Currently owns his primary (free and clear)
Good construction lenders, please contact me and send basic requirements and construction schedule.
General Scenario:
construction
740 fico
2nd home - vacation home
0x30 primary home is free and clear
approx. $750K loan amt
sfr
full doc
LTV?
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love88
8 Posts |
Posted - 05/14/2008 : 01:43:20 AM
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We would are interested in hearing more about this loan scenaro. We work with many lenders directly as well as having strong lending relationships. We do Hard Money Loans, Bridge Loans, Commercial Loans, Construction & Rehab. Loans, and Land Loans. We just placed a loan similiar to this, however the owner fico was in the 500s.
Call.
We'd love to talk.
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