Financing in 95818>Question Details

AJP, Other/Just Looking in Sacramento, CA

Construction Loan for Land Park Remodel/2nd Story Addition????

Asked by AJP, Sacramento, CA Fri Sep 19, 2008

We are getting ready to do a major remodel on our home in Land Park. We've heard how tight the construction loan market is. Our regular lender has pulled out of the CA construction loan market entirely ....Wondering if anyone can give us a referral to lenders who still do construction loans in Sacramento....

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Hi AJP!
Let us know if you still need help with this. We are working on a 1.8 million dollar construction loan right now. You are right! Many large banks are pulling out of the construction market. I would recommend working with a mortgage broker so they can assist you to find the best deal! The loan I mentioned before is a client who had their loan placed at several large banks and each time they got an approval the banks closed down their construction division. Our clients have wasted months working one on one with the individual banks.

Let us know if you need help!
0 votes Thank Flag Link Wed Sep 24, 2008
AJP:

There is a wonderful construction loan specialist right there in Sacramento. His name is Howard Nordberg and he is with Wells Fargo. He came highly recommended to me, and so I will pass that on to you. Please contact me through my profile for his complete contact information, if you are interested, and Dare to Dream.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty
0 votes Thank Flag Link Sun Sep 21, 2008
AJP - please give me a call so I can learn more about your needs. I've got several lenders still offering construction loans, along with some that will do rehab loans.....

Jeff Marr
Stanford Mortgage
916-947-1312
0 votes Thank Flag Link Fri Sep 19, 2008
I have heard great things about Jeff as well and I am a competitor. I would definitely recommend him for your construction needs.
Flag Wed Jun 20, 2012
You might also try contacting Sean Krause with Verdeo Funding - 916-205-9294. He does construction and renovation lending.
Web Reference: http://www.erinattardi.com
0 votes Thank Flag Link Fri Sep 19, 2008
Erin Stumpf…, Real Estate Pro in Sacramento, CA
MVP'08
Contact
We do CA construction loans, but only for Community Associations.
0 votes Thank Flag Link Fri Sep 19, 2008
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