Where is the best place to get a construction loan (mortgage) for a new motel, I have the land already Zoned a
439367
I would put it out on the Internet. I know its not the same as a home loan but there sure seems to be a lot of money out there. The problem I see is that you will have to be able too prove its a winning proposition
73794
Talk to a loan officer and see if he/she can approve you for a cash flow loan. I am firmiliar with the Eugene area, I live in SW Washington. Its a great place to own a house and the property values appreciate quickly. If you are interested, I would highly recommend seeing what your options are; you might be suprised to see how much you can actually make.
300149
Writing a business portfolio would help.  Include in it details pertaining to what you and your wife do for a living and what experience/expertise you both have in the motel business. Also, details as to what the exact cost of the improvements you want to make and what the exact increase in revenue you are expecting in return.  Then you should research the value of the properties and the projections of what the property will be worth in the future.  Provided the property value is projected to go up as well as the increased value of the property from renovations, writing it all down in a presentable fashion will often convince investors that if you default on the loan it would behoove them to foreclose as they will have had someone else do all the work of researching and improving the properties.  You should be aware that bad credit always leads to high interest rates on any loans.  Lastly, trying to find millionaire investors on a website like this one is a sign of desperation.  Investors like confidence.
963731
For land loans, you can opt any one of the following:\n\n1. On the basis of salary certificate. \nIf you are a permanent employee then your latest salary certificate is enough to get a land loan provided you deposit land documents duly registered with the concerned bank.\nIf you are not a permanent employee then along with your latest salary certificate you should provide a surety assurance in prescribed manner besides depositing the registered land documents with the concerned bank.\n\n2. on the basis of deposit of registered documents pertaining to immovable property, duly registered in your name prior to this land purchase, as a security along with the registered land documents with the concerned bank.
813523
If you're looking into purchasing bank owned foreclosures in SanDiego, just shoot me an e-mail as to what you're looking for and I will locate them for you and negotiate with the bank on your behalf. I can also find homes that are going into foreclosure and provide you with financing pre and post foreclosure.\n\nRegards
127374
Have you tried CountryWide, Home123, Sterling Bank or LendingTree.com?  If you were a veteran I would recommend New Freedom Mortgage!
613783
i m from delhi , i hav recently bought some land (ressidencial use) in ghaziabad ,can i get loan on it ......  its registered value is in Crores . \nplz send me the details and probability of the loan at rohit.nrb@gmail.com \n\nall the registries are done in a Pvt. Ltd. builder company
1072002
It depends on where you are and your credit score.  I signed a borrower who had just gone BK and was getting a loan within couple of months (I’m a signing agent notary public in CA).\n\nOther options would be to try to find a property with owner financing.
570206
Take the $400,000 for the land out of your equasion... Your going to need to have purchased this before the builder really is involved.\n\nFor the rest... Your going to pay permit fee's to the city/town for your building permits, design review etc... Your going to need to have paid your architech and structural engineer for the plans they are going to draw for you which you will be turning over to the city for approval as well...\n\nOnce you get to the builder the deposits may have to go through your lender if your doing a construction or construction to permanate loan for the property purchase and building. \n\nWhen doing a construction loan usually there are draws spelled out in the loan. Draw one maybe for the land purchase, architech/engineer and permits. Draw 2 would be for the builders deposits based on the materials needs for the first phase of construction and so on...\n\nIf your financing this yourself then check with your states contractors licensing entinity... There are specific percentages a contractor can take as deposits based on the work to be performed and this will vary greatly by state. I would check with the state anyway just to verify the builder is licensed, does he/she have any complaints on their license? How were those complaints resolved? Check on their insurance as well. If they are on your property and the insurance is not in place or is not up to snuff you may have to pay a claim out of pocket or against your own insurance.\n\nGood Luck
10570
Try Regional Mortgages.\nhttp://www.regionalmortgages.com
887474
Wait! We don't know enough about your situation to say get a construction loan.  If the builder is building your home as part of a development, the builder typically handles the construction financing on his end. However, if the builder is simply building only one home, i.e. your home, then you'll probably need to get  construction-to-permanent financing ("construction-to-perm loan").\n\nRegarding long-term rate locks, many lenders do offer locks greater than 12 months; however, you need to know that interest rates for a 12 month+ lock are high.  The rates get higher for each lock increment (30, 60, 90, 120, 180 day, etc.).
151967
at a bank or mortgage lender
50427
Find out what area you want to live in. Then hope in your car and drive around the area. Look for signs in front of houses. \n\nAgents are a dime a dozen. If you chose one ask for recent referrals. Also go with one that is an area specialist.\n\nThere might be some that are for sale by owner. That person is trying to save money.\n\nIf you need a loan send an email my way. My husband can answer all your loan questions.\n\nGOOD LUCK.
651649
Your site will be used as collateral security to grant you loan. There are loan against property available. Let me know, where exactly is your site and how much loan is required?
1128044
You are going to be extrememly limited on the number of lenders willing to finance this for you. The enviromental's alone are going to cost you close to, if not more than 100k. The best optoin is to contact WaWa directly and seek private financing through them. The terms are usually such that the first few years of operation you are an employee of them working to pay off the loan they have provided to complete the construction.\n\nGood luck
622549
You can purchase a mobile home from a company like Palm Harbor Homes and they will get you financed for a land home package with no money down.  I am buying one and yes your family will have plenty of room.  You can get a three bedroom for about 60000, and I dont know how much land you want  or where you live but you can do it.  My problem is getting financed for land by itself they always want 25% down any suggestions?
756947
you need to have the land\nfinanciers will take a mortgage on the land - this includes anything "attached" now or in the future to the land\nwhen they pay out the loan - it is done in stages according to how far the building has been completed.\nfirst step - assuming you own the land (with or without borrowing)\ntalk to a financier and to a builder to see if you can borrow enough to build what you want