lease purchase and Build - Posted by Von

Posted by Rob on January 14, 2000 at 06:45:57:

You can lease anything, whoever loans you the money to build your building is going to want it paid off. (unless it is a long term ground lease). I would tie up the property on an option and then get a one-close (if possible) construction to perm loan whereby the lender buys the property at closing and then gives you draws for your building until complete. After CO the deal is settled and you have the building and land just like normal. (one note and deed of trust/mortgage). Email me if you need a lending source for such a loan. IF you are building a house email me for more information on how you can save at least 25% of costs.

lease purchase and Build - Posted by Von

Posted by Von on January 13, 2000 at 22:20:08:


Can you use a lease option or lease purchase to control a vacant land then get a mortgage or construction loan to build on it?