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Best place to currently get a "one time close" construction loan in LP area?

Posted on 8/1/18 at 2:14 pm
Posted by gsvar2004
Member since Nov 2007
7951 posts
Posted on 8/1/18 at 2:14 pm
looking to build soon, and wondering if anyone here has done a one time close loan recently? TIA
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 8/1/18 at 2:18 pm to
Resource Bank and Gulf Coast Bank will do them.

Posted by Helmethead
Baton Rouge
Member since Oct 2007
1174 posts
Posted on 8/1/18 at 4:00 pm to
Hancock Whitney does them
Posted by Libertariantiger
Member since Nov 2012
981 posts
Posted on 8/1/18 at 7:36 pm to
First Gauranty is in Denham if you are in the west and Hammond if you live on the east side. Best rates and product. Hancock Whitney does them but the product at FGB is better.
Posted by TigerDeBaiter
Member since Dec 2010
10254 posts
Posted on 8/1/18 at 9:29 pm to
Regions has a great program.
Posted by DaStain
Baton Rouge
Member since Dec 2007
2117 posts
Posted on 8/1/18 at 9:36 pm to
I used Regions as well and was very pleased.
Posted by GFunk
Denham Springs
Member since Feb 2011
14966 posts
Posted on 8/1/18 at 10:32 pm to
This is a PHEENOMINAL suggestion.
Posted by Brightside Bengal
Old Metairie
Member since Sep 2007
3879 posts
Posted on 8/1/18 at 10:41 pm to
I do them for First American Bank. 4.75% with one time close and that rate is guaranteed for 15 years after construction.

You can call me @ 504-839-9089
Posted by TBass82
Folsom
Member since Feb 2004
2709 posts
Posted on 8/12/18 at 10:35 pm to
Libertariantiger, I was wondering if I could shoot you an email. I believe you work/worked for a builder I plan on building with. Thanks.
Posted by gsvar2004
Member since Nov 2007
7951 posts
Posted on 12/12/18 at 8:05 am to
Bumping this thread as we are just now finally in the process of starting our build. Looking for loan options. Thought I was going to self contract but I have decided against that due to time and work constraints. So we are looking for the best place to get a construction loan.
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