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Spec New Build Construction - Private Lenders

1,525 Views | 5 Replies | Last: 3 yr ago by Three Twenties and A Ten
Three Twenties and A Ten
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AG
Looking for a private lender for some higher-end specs in TX. Not opposed to working with banks, but looking at the private markets first. Would be approx. $350k - $400k (without land costs). Have extensive experience in spec building, but it's been a few years since the last build.
JP76
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http://www.texasinvestorfinancing.com/contact-us/



If they can't do it then they will probably have a recommendation for someone who can
nonameag99
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What terms do you want?

fka ftc
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At those amounts, why not a bank first? Private will be much costlier than banks, unless you know someone with idle cash that would lend on this in exchange for something more than what they get on a short term bond.

Private investor will also want an interest in the land, the build and the deal. Bank will want the same, but less likely to be all up in your business while you construct. Just my quick thoughts.
JamesBREI06
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AG
we also do this sort of lending.

james@quicklending.com
Three Twenties and A Ten
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AG
inoffensive username said:

we also do this sort of lending.

james@quicklending.com
Thank you for this feedback, James. I looked on the company website but didn't see a lot of information on the construction loans the company offers. Can you provide further info? We're looking to start around early January.
Three Twenties and A Ten
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AG
nonameag99 said:

What terms do you want?


We're fine with standard private money terms, if needed, but open to negotiating if a lender has different options/ideas. Do you do private money lending?
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