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Where do I find financing to build "green" structures? Options
Vision Log Homes
#1 Posted : Saturday, January 31, 2009 4:38:28 PM
Rank: Guest

Posts: 134,494
I work for a log cabin company. We are looking to invest in building alternative structures. In particular we are looking at the Calearth superadobe homes.

So here is the question. If we start building these, where can our customers turn to find financing? All the local banks have frowned on the idea.

Any ideas?

Thanks
Josh
Vision Log Homes
Hoop
#2 Posted : Saturday, January 31, 2009 4:38:28 PM
Rank: Guest

Posts: 134,494

 

Banks will still lend funds to people that have good credit and good stable income, regardless of the building style of the house.  The freewheeling era of easy credit is over, probably for good.  If the local banks have no interest in making these loans, simply search the internet. 

Non-traditional homes indeed pose higher risks to finance institutions, mainly because of their resale value and demand. 

It indeed will be FAR more difficult to finance a non-traditional home in todays tight credit market.  Not impossible, but certainly far more difficult. 

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