How do I get a loan or line of credit to start building more subdivisions as a Home Builder?

September 8th, 2010 | Posted under Loans.

Question by Rick James: How do I get a loan or line of credit to start building more subdivisions as a Home Builder?
We are a new Home building company based out of Houston and have built 2 subdivisions. We are looking to build 3 these next two years and six the following years. How do I receive a loan or Line of Credit to build?

Best answer:

Answer by BigBadWolf
they way banks are right now your better off looking for a venture capitalist

Meaning a investor or group to lend you the money under contract… Better have your business plan and projections of revenue in hand otherwise they wouldn’t give you a second look.

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