I have gotton many clients who are large development companies looking for multimillion dollar mortgages to complete a construction project.
These clients were formally able to easily be financed by local banks interested in investing in big porjects in their towns.
It seems the local banks are running scared of these deals.
These clients will not pay private money rates and points.
Does anyone know of any lenders out there still doing commercial construction for investors?
Hi! I am a senior loan officer with Seacoast Mortgage Corporation. I specialize in both residential and commercial lending; offering the BEST rates to help you meet all you financing needs!
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