I also flip properties, build new
construction spec homes, and develop land for shorter term money.
Not exact matches
FirstBank offers
construction loans to build speculation (
spec) or pre-sold 1 - 4 family
homes.
Once you've picked out a lot, and have worked with the builder to draw up the new
homes «plans and
specs», you go to a small local bank for a
construction loan.
Legacy State Bank, Loganville • GA 2005 VP / Commercial & Consumer Lender / Compliance & BSA - Patriot Act Officer / Branch Manager / Security Officer Initiated new
home construction loans for builders -
spec and pre-sold from $ 160M to $ 450M, and followed pricing model on loans of Prime +1.0 % with 1.0 % fee.
I work for a company that specializes in financing
spec home construction in Central Oregon.
Tags: custom
home market share, custom homebuilding,
home building,
home building in HOAs, single - family housing,
spec home market share,
spec homes, survey of
construction
Are
construction workers framing up
spec home after
spec home?
Choosing between purchasing an existing
home, a newly built
spec home or a new
construction home comes down to several factors.
This stunning $ 674,900 new
construction in Charlotte, NC sat on the market for 9 months as a
home builder's vacant
spec home.
I have a wealth of experience to share, with all phases of
construction, from site selection, through the processes of obtaining approvals, subdividing, to designing, building and marketing of
home sites,
spec homes, condos and custom
homes.
The main source of revenue for homebuilders is new
home construction (see chart 6) which accounts for 97 percent of all business receipts of
spec builders, and 83 and 87 percent of revenue of SF and MF general contractors, respectively.
We just moved into a new
construction home, but it was a builder's
spec house so we did not get to pick ANYTHING — not the colors, the fixtures, etc..
They had purchased a
spec home that was already under
construction and the builder was letting them customize some of the finishes throughout (lighting, floors, paint colors, countertops, and hardware).