Hi All!!
Can anyone recommend a commercial Real Estate lender that has an appetite for ground up to sale? The builder is experienced. TIA
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Ground Up To Sale (CRE Lenders)
Ground Up To Sale (CRE Lenders)
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If you have the land, (horizontal) you have to do grading, permits, entitlements and final map. Then you can get funding for construction which is considered vertical. Typically it's 70% - 100% loan to cost on construction. When construction is complete, then you need a construction take out loan for traditional loan.
reach out to me on this,
​Steve Benjamin
Professional Business Loans
Irvine, CA 92620
SteveProBiz@gmail.com
https:/probizloans.net/ 949-228-1050