I’m a developer in the sunbelt region primarily focused on residential deals.
The national builders we work with are asking us to deliver “Finished Lots”. This is essentially pad ready lots ready to go vertical.
Anyone know which type of lenders to go to for this? Its an A&D loan.The home builders put down hefty non refundable deposits and the deal has plenty of margin.
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Your best bet is going to be local/regionals for these loans. People who know the market like the back of their hand.
Placing several of these loans right now. PM me and I’m happy to help out. Will need more details.
Sweet. PM’d you.
Sounds interesting. At a debt fund rn, but looking to transition to a shop that is a bit more opportunistic in terms of the deals they are willing to look at, from a credit perspective. Are you guys hiring by chance / are you open to connecting?
How does this work? Send me a PM if you want
Depending on size, you should be talking to opportunistic debt funds. Right now, that is almost the only place you are going to find financing like this
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