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cploans
1 Posts |
 Posted - 06/25/2008 : 05:29:10 AM
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I have been specializing in construction loans for the past 15 years, 14 years as a broker and the past year as a lender. Currently it seems as all of the construction loan products are being suspended and modified to the point that no one can qualify. I have a ton of inquiries coming in on a daily basis with a 80% rate of each inquiry turning into a loan.
Does anyone know of any companies left that will broker their construction money? |
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liverichly
3926 Posts |
Posted - 06/25/2008 : 07:04:23 AM
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| Doesn't Chase still do construction? |
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slants
4274 Posts |
Posted - 06/25/2008 : 07:05:55 AM
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| I read HSBC also. |
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brandie
3260 Posts |
Posted - 06/25/2008 : 07:06:08 AM
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| As of june 20 Chase discontinued doing construction loans. Which is sucking for me at this time. |
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1003s.com
3334 Posts |
Posted - 06/25/2008 : 07:14:03 AM
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| M&T Bank? |
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brandie
3260 Posts |
Posted - 06/25/2008 : 07:17:28 AM
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quote:
Originally posted by 1003s.com
M&T Bank?
I have been waiting for the M&T rep to get back to me for the last two days. I have sent two e-mails and left phone messages. I am losing faith. |
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liverichly
3926 Posts |
Posted - 06/25/2008 : 08:05:41 AM
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Citi still has a construction lending division:
Construction Lending AE: George Trujillo george.Trujillo@citi.com
P. 619.312.2626
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