Asked by Kuleen, Houston, TX • Wed Aug 13, 2008
a primary residence. He owns the land out right, which is worth 350K. The construction cost is 1.8 million and he can put 400K down. Looking to borrow 1.4 million. Any suggestions? I have not done a construction loan in years so I am out of the loop. The previous banker I worked for could do these loans however they are no longer around.
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