Land Acquisition/Construction Financing

Financing, Hard Money Lenders, Private Money
1

Hello,
I am new to all of this and was wondering if anyone knew the best way to attempt a new construction project.

There is a parcel of land that already has all permits, zoning approvals, etc, along with plans to build 11 new townhomes that I am intersted in acquiring.

My question is, what is the best way to finance both the land acquisition and the construction costs for a project like this, and how difficult would it be for a newcomer to get this financing?

Any help if appreciated. Thanks. By the way, I am in PA.

2

The aquisition of the land can be financed in the construction loan, but you must being construction within a certian time frame which varies according to the lender.