There are lenders who will lend without pre-sales.
The interest is higher but negligible in some cases.
Put and call options can be very messy and the lender will scrutinize these with a fine tooth comb, and the hard part is finding willing participants.
Another angle would be to get a Mezzanine funder involved to cover the deposit shortfall.
They may take a JV or equity/profit position with you depending on the deal.
Just a thought.
Presales are required generally for the bigger banks at about 60% which would be 6 of the 10 units.
I have to rush out but hope this helps
- Forums
- Property
- opinions on a financial concept
There are lenders who will lend without pre-sales.The interest...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)