spec construction: Spec Construction Loans in Los Angeles and throughout California
- 01/29/14 09:01 AM
Spec Construction Loans in Los Angeles and throughout California Construction Loans for speculation or “spec” are available to contractors, builders and developers who are seeking financing to build a home and plan on selling it immediately after completion. A spec construction project is typically built without a buyer in place. The borrower is speculating the future value and the end sale to turn a profit. In today's economy, many seasoned spec builders can no longer receive financing from bank institutions with which they have formed successful relationships. This is usually due to the fact that the lender is either out of … (1 comments)
Spec Construction Loans in Los Angeles and throughout California
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