“Jumbo Construction Loans”
Dear Mr. Petrowsky
My builder suggested I contact you regarding a construction loan. I have previously interacted with three local banks in my area, but none of them are interested in doing a construction loan that is over 1 million dollars. It is not because of credit or income, but rather they indicated there are no comparable homes that are being constructed in this price range. Is this something that you can do for me?
It seems like banks are becoming more conservative, rather than less. One of these banks referred another client to me in 2019 and were so delighted as they are not willing to do the larger construction loans.
I of course loved to handle the Jumbo construction loan and any others that come my way.
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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