Hey there gang! We went under contract just before the end of 2025 and did a site visit last week. We expected a fair amount of capital expense but found a lot more than we planned for. We still like the property & we're hoping we can settle on fair terms with the seller.
The lender is wanting to switch this to a construction loan though and this will complicate things so we're looking into all options.
Can anyone share contacts for:
- Good lender for construction loans
- General Contractor to oversee work (we've engaged individual contractors but not sure who we'd use for a GC)
- Alternative lending options for the capital expense (to pair with seller financing)