Construction - Perm loan

[sobreezy]

Hey guys

I'm looking for lenders that do construction to perm loans within the Maryland-DC-Virginia area.  Looking to build an owner occupied multi-family unit. Any help greatly appreciated.

[ezdriver]

Your local banks and credit unions are your best sources. Unless you have beed a GC in previous residential construction projects, you may want to seek out an experienced GC and go from there. A qualified GC is a mandatory component of residential construction projects so you may as well look fro one now. A good GC can also refer you to lenders that may have funded projects on which they worked.

[MEE2Too]

I'm in the DMV area and you should check out Wells Fargo... they have tons of information online about their constructions loans and the process. I had a wonderful experience with them and plan on using them again for a new home construction.

[sobreezy]

Thanks for the information, I wasn't sure if they have limits as to what type of home they are willing to build.

[sobreezy]

Thanks my plan is to have a GC because I still will be working and it makes life easier.