3 Creative Finance Options for Construction

Learn my top 3 ways to creatively finance.
I put together a quick video going over 3 ways I’ve personally secured creative financing on my deals over the last 20+ years and what banks are looking for when you go into a deal.

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Jerome Maldonado is a 25+ year veteran in the real estate investing industry. Most recently, Jerome entered into business with Tai Lopez and Alex Mehr to purchase distressed retail brands such as Pier 1 Imports and Dressbarn, which they will be re-launching as ecommerce brands. Jerome’s real estate expertise and connections will provide these brands with the commercial warehouse properties necessary to facilitate their business. Jerome also owns multiple 7-figure businesses including a construction company and a realty company, founded in 1998 and 2000.

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---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Jerome Maldonado are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Jerome Maldonado and Jerome Maldonado brands harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by Jerome Maldonado as a perspective based upon experience.

[ccerda]

Just off of this video you have answered several of my questions. I appreciate you and I am going to keep on watching your videos. I hope to meet you someday and shake your hand and possibly work on a project together in the future. Thanks Jerome! Take care brother 👊🏼

[bobday]

Hey Jerome, will the bank allow you to add back soft cost in the loan, like blue prints, land clearing, water sewer etc?

[smitapatel]

Thanks for all information. Very helpful.

[jrichardbuilds]

Starting out, how are people making the payments on the loans/lines of credit during the build? This is the only thing I’m having a hard time with. I understand that after the first one is built and sold I’ll have the capital to make those payments on future builds. If I can figure the first one out, I’ll be well on my way

[rosenieauguste]

I wants to become a property developer in Naples Florida about 1 hour 45 minutes from Miami Fl... Jerome the Naples Florida house market has a house shortage you should look into investing here in Naples Florida!

[asamarisimeon]

I have a situation whereby seller is wanting to move a considerable amount of acres, it's family land. It's half of what his family owns in total. I'm looking to get seller financing, however, land going through the entitlement process as of this writing. I will need that extended close, bc offer contingent on high density designation.

Regarding an extended close, the seller projects entitlements to be ready early in 2023, January/February! I'm preparing to offer him double his ask as a further form of inducement for holding some paper.

My question, how far out on an extended close is reasonable? Furthermore, this is for an affordable housing development. There are other creative measures I'm looking to include in my offer, I won't get into here. But as you stated the price per acre will sky rocket once entitlements are completed. So, me doubling his current ask is still a bargain!