Building Systems: Construction Reinvented

Construction Reinvented.

Banks in my area say NO going in the door to construction lending. I know they are thinking stick building spec homes and they are loaded with forclosures. But when I say No that is not what I do. I show them pictures of million dollar home and say on a 2,000 sq ft or less we need about 35% of the contract when we get the building permit and another 30% in 30 days and we will go to closing within the next 30 days which will be paid for by the clients mortgage. Then they look at me and say " is this a modular? OH We don't do them either" and we are done. One small bank is working with me but does not cover most of the area needed. It isn't credit or other business items.

If you know any lenders who understand building systems lending let me know?

Jim Virginia 800-211-5660

Tags: financing

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