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..
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..
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..