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construction: Is it a Development Loan or a Construction Loan? - 07/09/08 07:17 PM
Part of my job is to take incoming cold calls. We advertise in a commercial lending industry magazine that generates a good deal of call traffic.
On a regular basis I get requests for “construction” loans. After asking some questions to determine the nature of the loan, I usually find out that the broker/borrower is actually searching for what I would call a “development” loan.
What’s the Difference, Who Cares? Why does it matter if you call it a construction loan rather than a development loan?
First, it reflects on the broker/borrower. If a lender has to educate the … (1 comments)

construction: Commercial Hard Money Construction Loans - 01/02/08 06:15 PM
I get at least one phone call a day requesting construction financing. (Owens Financial Group does fund commercial construction projects on a limited basis.) Underwriting a construction loan is handled differently than a typical commercial loan.
Lenders desire to know that a developer has enough money invested in the project to motivate the developer to overcome the headaches and hassles that are bound to arise during development. A developer with too little invested, is likely to cut their losses and run, if construction problems arise, permits are not obtained, or weather is not favorable. Many lenders will underwrite a construction loan … (0 comments)

 
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Peter Maclennan - Investment Real Estate

Walnut Creek, CA

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Maclennan Investment Group, Inc.

Address: PO Box 2564, Walnut Creek, CA, 94595

Office Phone: (925) 385-8798

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Peter Pays Paul - Commercial Hard Money Lending



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