re: OT help with construction loan process

We just won’t ups til the work is in place. I work for a national bank. Maybe you’ll get looser terms from a local bank or a loan officer who doesn’t understand risks involved. I went through the Great Recession, you’d never believe some of the shady shite I saw… thus best practices like money up front, funding when work was actually completed and in places, etc…. It just protects the bank more. Look at it from our side. Not saying anything about the quality of person you are.

That said, if the land is valued at 20 percent of the overall value - you shouldn’t have to come up with an additiona; 20 percent cash. That’s too much.