Michigan Hard Money Deal - Active

720

5 deals

No

Marshall

Michigan

$0

$4,000,000

$20,000,000

I am looking to get a construction loan on a property we purchased in cash that is under construction. It is to the drywall stage so most of the hard work is done but the previous owner had problems selling it because it is so massive a project at 16,000 sqft on 50 acres that people were scared off by the amount of work and we were able to get a huge deal on the purchase price at 1.25M when he said he got multiple appraisals in the 4M range and it's only that low because it's under construction, when it's done with all my planned additions and features I've had realtors say it could be worth 20M+ even up to potentially 30M. Now I'm ready to complete the property construction as well as add some new features and am looking for a construction loan fast to begin work asap, lowest rate and longest term are important but fastest to get started is most important for who I go with. Thanks