A real estate developer explains how they used private lenders and hard-money loans to buy land and build houses, then scaled up to bigger projects like Cali Townhomes, a four-unit development that just got loan approval.
Look, once I realized the finance game, then I started making my own money, and then I started getting private lenders. Now I got my capital stack, right? I could get a private lender to loan me some money to acquire the land. Then I can get a hard money loan at 100% construction to go vertical, and I can use my money to start the first wave of construction. And I was like, well, yeah. And then all my fees on the back end, I like, this is a no-brainer. So once I built my first couple houses, it was like, okay, I can do this for the community too. And now, you know, we got car washes. We about to start building townhomes, uh, Cali Townhomes, which is a 4-townhome development that we're doing. We already got the loan for that, already approved. We're just waiting on the engineer stamp plans. And once we get that— hold on, so you mean to tell me you getting all this game and you ain't liked or subscribed yet? Come on, man.
