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construction loan specialist: Who is doing your construction loan? - 07/11/08 06:15 PM
Yes, we know right now it is more challenging then ever to get high end custom home construction loan done.  Banks pulling back and depreciating home values make for an upfront challenge but once it is determined that you can qualify you need to have a loan officer that knows what he/she is doing.  It boggles my mind the level of imcompetency in the market.  With the recent attrition of mortgage companies and loan officers one would think the ones still in business would be conducting business at a  high level.  But what I hear from banks and borrowers is that is not the case.  Some of the … (2 comments)

construction loan specialist: Required Investment into a construction loan- "Skin in the game" - 03/11/08 03:38 PM
Maricopa County, the largest county in Arizona and one of the largest county in the USA, had over 22,000 building permits issued in 2007.  This estimate is provided to me by Construction Monitor, LLC.  With in this 22,000 there were some quite large home built and many of them still being built.  The ultra luxury home that is 10,000+ square feet can take 2 or more years.  Now here is a question that I received today;  What is the largest construction loan I can do?  My answer is pretty simple: there is no limit.   If you want to build a $20 million … (0 comments)

 

Brad Brown

Scottsdale, AZ

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Community First Financial

Office Phone: (480) 305-8900 x 307

Cell Phone: (480) 220-8526

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My blog is to educate and inform individuals in regards to residential construction loans.


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