Anyone do construction loans?

Discussion in 'BD Business Hookup's' started by blowboater, Oct 22, 2010.

  1. blowboater

    blowboater Fishing with Papa

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    I'm looking into a construction loan. I have a buddy that's a mortgage broker who's looking for me but thought I'd check to see if anyone on here is in the business.

    It's for a major (basically a gut and redo) project.

    I'm hoping to owner/builder but might go with a contractor if the price is right. I've found that owner/builder is quite a bit less expensive - but I travel a LOT and am spending most of my time outta town so if the premium isn't too high I would consider a one stop shop.

    I have the plans - were reviewed by one engineer but there were significant changes and the engineering needs to be done again. Should be quick. I have a line on a couple of engineers.

    So - anyone work for a bank doing construction loans?
     
  2. raraush

    raraush Newbie

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  3. cj5orion

    cj5orion Build it...Remodel it...Go Fishin/Huntin/Baja

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    Joel !!!!!
    Whereya been ????
    Is that the same project you and I looked at ,,,,,what,,,,last year ????
     
  4. Sherm

    Sherm aka: The Sherminator

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    If you need Course Of Construction (COC) insurance let me know. I can hook you up.
     
  5. I'M OFF

    I'M OFF Really off

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    No loans but I'll do your HVAC.
     
  6. blowboater

    blowboater Fishing with Papa

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    Hey Bert! Same project. Problem is this time around I'm going to need someone licensed. It will be part of the loan process to have a contractor. Or I'd hire you and we'd get this shit done.

    I had some problems with the city so I'm checking into a loan to do the project. It looks like it's all doable. If I'd known about this program I'd have done it last year!

    Oh well - necessity is the mother of all invention.
     
  7. Sherm

    Sherm aka: The Sherminator

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    I'm sending you a PM for a guy who is a licensed general contractor and is a BD member. I know he's insured too :D
     
  8. cj5orion

    cj5orion Build it...Remodel it...Go Fishin/Huntin/Baja

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    Joel....Joel....Joel !!!!

    Licensed in good standing,,,jus dont use it a lot cause of the increased cost !

    San Diego Builders Group
    #887941

    Lets "get er done " !

    I also have bank hook ups for loans BUT ! it wouldnt be what your lookin for



     
  9. blowboater

    blowboater Fishing with Papa

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    Let's talk in a week or so. This will be a full nuts to bolts gut and redo. With the 203k loan I have to work closely with the loan official. There will be budgets and inspections and bears - oh my.

    You still have my phone #? I'll PM you.

    Joel
     
  10. cj5orion

    cj5orion Build it...Remodel it...Go Fishin/Huntin/Baja

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    Bert
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    well familiar with all of the above !
    pm me your #.
    I'm tryin to get to Gonzaga for the Baja 1000 (nov 20-21)
     
  11. blowboater

    blowboater Fishing with Papa

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    I won't be starting by then. But we should be able to talk well before then.
     
  12. la vida

    la vida Now I love our Prezzz!!!

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    From the GC to all the subs you could fill all you trades here on BD.

    Plumbing - Ca. License C-36 613407
    Taking the license back to active.
    It's the economy folks.
    Good luck getting a loan.
    If they don't start freeing up some money, we are all pouched.:_diarrhea_:
     

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