I own a 50 by 125 ft. lot in Houston Heights. The land was valued at over a 100,000. I want to build 3 townhomes on this lot. How much would a bank loan me? Would I go straight to a builder?

Most banks will not lend you due to lack of experience.

If they did lend, the amount will be subject to the total project cost. Think of a pie with two slices where the equity slice is around 20% give or take some.

There are other factors to consider in order to get the loan on top of experience and equity participation. The product has to have a market also.

I own property near the GRBrown and Toyota Center. The Hcad told me it is680 sq ft. I want to build some townhomes. Where should I begin?

Hello,

I'm in Houston, I'm familiar with that area, I may have some pointers for you on getting something going with your property--...we should talk and kick around some ideas-?!


Will