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| *Loan,banking and credit>>>mortgage loan |
Besides a construction loan,How do you apply for a mortgage that will pay for demolition fees,bluprints? |
I own a bunch of garages.I would like to demolish them and build a 3 story house.This requires blueprints from an architect and other crap,in order for the city to ok the building.What bank and how will this process work,without me spending a dime out of my pocket.My credit is good and this will be my first home.What loan will accomplish all this without closing costs because ther is no physical building established yet.The garages are classified as commercial property and built in 1910.I tried to use whatever possible equity against the garages and I was told commercial property like this will not allow that. It's bull you can get equity my friend the method i am going to tell you about is a little pricey but in a couple of days you will begin to execute what it is that you are trying to do. What you are looking for is a hard money loan or a bridge loan these loans are especially for what you are trying to do . They are just a little pricier, once you find out the details of these loans you will know what to ask for when shopping around and if you still don't get it just email me back!as far as zoning you may be able to get a variance on the zone this is a process all by itself if I were in your shoes I would get the fight with the zoning board out of the way first! Source(s): Experienced Real Estate Investor Your looking for a loan that does not exist.. First of all if the property is zoned commercial you will have a difficult time building a residential house on it... If it is approved by the city you will have a harder time getting financed because it will be considered mixed use property you will not be able to get high LTV conventional financing with the best rates because of the zoning. sorry to bust your bubble... http://homefrontmortgage.us |
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