Bridge Loans for Builders: The Complete Guide to Short-Term Project Financing
In construction, time and money are very important.
Bridge Loans for Builders: The Complete Guide to Short-Term Project Financing
Spec Home Loans: Complete Guide to Construction Financing for Builders
Building spec houses without guaranteed buyers may require a different approach to construction...
Spec Construction Loans: A Spec Line of Credit Is Worth the Paperwork
If you regularly build new construction homes on a Spec or Pre-Sale basis, it’s likely that you’ve...
Spec Construction Success: Insights for the Investor Builder
Spec construction is speculative – it’s a property built without a buyer already lined up. There is...
How Is a Spec House Different From Other Kinds of House Construction?
When it comes to new construction, there are several kinds of residential builds that builders may...
How Private Lenders Compare to Bank Lenders for a Spec Loan
Builders looking for ways to fund new construction projects, like spec or pre-sale home building,...
6 Tips to Prepare for Your Spec Construction Loan Application
Most builders constructing spec houses want to optimize their own capital . So they seek funding...
Common New Construction Appraisal Problems and How to Handle Them
Most lenders financing new construction require an appraisal to determine your project’s value....
How Do Spec Home Builders Make a Profit?
A “spec house” is a new home built on a speculative basis, created with the intention of selling...
Bridge Loans for Builders: The Complete Guide to Short-Term Project Financing
In construction, time and money are very important. When buying property, you want to be able to act fast. Opportunities can show up quickly. A lot hits the market, a deal becomes available or a project needs to move forward now, not in 45 days after unde...
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Spec Line of Credit: A Complete Guide for Builders Managing Ongoing Construction Projects
Managing multiple builds at the same time changes how you think about financing. It presents new and unique challenges. If you’re a builder running more than one project, you already know the challenge. Construction loans don’t always keep up with how you...
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Spec Home Loans: Complete Guide to Construction Financing for Builders
Building spec houses without guaranteed buyers may require a different approach to construction financing. In a competitive housing market, where a shortage of desirable inventory may create significant opportunities for builders, spec home loans have bec...
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Spec Construction Loans: A Spec Line of Credit Is Worth the Paperwork
If you regularly build new construction homes on a Spec or Pre-Sale basis, it’s likely that you’ve worked with different lenders. While there are many kinds of loans available for new construction, lines of credit for spec construction are uniquely well s...
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Spec Homes and Pre-Sale Homes: Relative Benefits for a Spec Builder
In the world of new home construction, there are important differences between home types, and knowing those differences (and what they entail) is important when traversing new home building territory. Understanding the difference between spec homes and p...
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Spec Construction Success: Insights for the Investor Builder
Spec construction is speculative – it’s a property built without a buyer already lined up. There is risk and potential reward. A spec property probably isn’t a long-term investment; many projects are under a year from start to finish. When the process goe...
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How Is a Spec House Different From Other Kinds of House Construction?
When it comes to new construction, there are several kinds of residential builds that builders may consider. One of those, the spec house, provides interesting opportunities and challenges. What is a spec house? A “spec house” is a new home built on a spe...
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How Private Lenders Compare to Bank Lenders for a Spec Loan
Builders looking for ways to fund new construction projects, like spec or pre-sale home building, may consider financing using a private lender. While it is one way to get a spec house construction loan, working with a private lender can be quite differen...
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Construction Loan Terminology: What It Means and Why It's Important
If you’re thinking of applying for a construction loan, there is a lot to consider, and while doing your research, you may run into some unfamiliar terms. Below is an explanation of some construction loan terminology you’re likely to come across in the wo...
6 Tips to Prepare for Your Spec Construction Loan Application
Most builders constructing spec houses want to optimize their own capital . So they seek funding with a spec construction loan. Most or all of the money to build a house can come from a lender. A lender relationship is extremely important, and it’s in the...
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Common New Construction Appraisal Problems and How to Handle Them
Most lenders financing new construction require an appraisal to determine your project’s value. Unlike appraisals for existing structures, a new construction appraisal is essentially a third-party valuation of what will be built. Appraisals are a critical...
Topics
How Do Spec Home Builders Make a Profit?
A “spec house” is a new home built on a speculative basis, created with the intention of selling but with no buyer lined up in advance. Known also as “move-in-ready” or “inventory” homes, these properties are typically built quickly, have a good quality s...
