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Need construction loan in NV
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Badam



Joined: 21 May 2005
Posts: 2
Location: NV

Posted: Thu Jun 30, 2005 4:19 pm    Post subject: Need construction loan in NV  

Self employed Borrower with 660 mid score owns 110,000$ parcel outright. Wants to build stickbuilt home. He doesnt have alot of cash.I havent done a construction loan so I'm a little unsure. Are there lenders that can help me and if so

what's the best way to structure this loan?
Thanks
Bryan
bryanadamloans@pahrump.com
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chow



Joined: 22 Jan 2005
Posts: 2350
Location: Cornfield County, Indiana

Posted: Thu Jun 30, 2005 6:45 pm    Post subject:  

As much as it pains me...KB Homes will most likely be a good place to start. I used to buy a few loans from them. Have your borrower agreement in place.

Indy Mac works with borrowers on U build it properties. 90% lot values, and CTP type loans.

Also call Constuction lender.com ABLS.com for ideas.
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