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Searching for "HARD MONEY" construction loan, Welcome
Please define "HARD MONEY"?? Who are you??
Have you developed a Business and Marketing plan I can read??
Talk to me, LUCKIEST
sorry about that....My name is jeffrey. I purchased some land in hilo hawaii and am looking to develop some affordable housing. i currently have plans and county permits approved and am ready to build. i do not have the financing yet. i am looking for a contruction loan that will cover 65% of the completed value which is $220000. we will have a performance bond on the property as soon as financing is lined up. a performance bond will guarantee the completion of the dwelling. the proceeds of the loan will be distbursed to the supply house and will onlly be disbursed to the contractor after a inspection is completed and the work is confimed to be done.
bottom line is
i need a loan for $143000
9 month term
secured by first lien posistion
appraised value after completion $220000
vacant land value $50000