partially completed home: Financing a Partially Completed Home
- 08/25/13 11:38 AM
I recently was contacted by a potential client who needed financing to finish his home which he had begun with his own cash. He mentioned that he had been unable to find any bank financing on a project where work was already underway. I have financed plenty of homes like this, and there are several general scenarios they fall in.
In my primary market in Eastern Washington, we have a limited construction window due to weather, so this leads to several scenarios in constuction planning. Sometimes, they get their permit too late in the fall to get dried in, but … (0 comments)
I recently was contacted by a potential client who needed financing to finish his home which he had begun with his own cash. He mentioned that he had been unable to find any bank financing on a project where work was already underway. I have financed plenty of homes like this, and there are several general scenarios they fall in.
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