I was talking to my lender a week back and he described the process for getting a construction loan as very tedious.  I'm looking to construct something in OTR or Uptown in the next few years and just wanted to get the perspective of some people on the board who have gone through the process.

Some background early 20s, in the process of buying a Fourplex.

I too would like to know the specifics on doing this.

You may be talking to the wrong lender.  I did not find the process that complicated.

 

I got a loan to extensively rehab a building.  The only complication is if you have some City money involved, as they move very slow, and have all kinds of lead abatement requirements.  In retrospect, I would not ask the City for anything, except a building permit.  I would recommend sitting down and discussing a loan application with someone at Cincinnati Development Fund

http://www.cincinnatidevelopmentfund.org/

since they specialize in loans like this.

 

Feel free to email me if you want details of my project.

 

I hope you do something in OTR!

Good stuff, I too have been interested in this process.  If there is anyone else that has some good advice please post it here.