- Jurisdiction
- New York
I'm trying to help a friend. So I'm doing my research. My friend has a house in which it's under an estate and he is the Executor. The house is not livable and it's needs to be demolished and reconstructed again. He's looking to find a investor however, to my knowledge investors want their money back if he sales. He's not looking to sale. He wants to rebuild the house and rent out the apartments. So far, I've spoken to the banks and I was told that they don't give construction loans if the house is under the Estate. Is there any other options?