Hi everyone, Im looking for a good construction lender for a client of mine.
I have a borrower here in CA who owns a lot and he’s about to get permits so he’s looking to initiate a construction loan. We want a loan on the future value of the property and according to his calculations we shouldnt need more than 70% of the future value to complete the project.
Who can get that done?
Borrower has 700+ fico scores, owns about 8 properties already, has assets to show.
Also he’s looking for a loan on the purchase of land as high as possible 70-90% whats the highest any lender may do on raw land?
Please advise, he’s ready to go, thanks.
Best Wishes,
Mike Siehien