October 3, 2014

What is a spec construction loan?

Banks aren't lending as much as they used to, especially for construction loans for rehab real estate projects. House flipping is a speculative business – hence the term “spec construction loan”.

There are private money funds that do lend to real estate investors for speculative investment purposes.

Beau Eckstein's hard money fund lends to real estate investors who need money for either acquiring rehab projects or for funding construction on existing dwellings.

For more information about this and other hard money matters, visit

Beau Eckstein | Business Advisor specializing in SBA Financing, Franchise Discovery, & Expense Reduction Strategies

or call him at 925-852-8261

About the author 

Beau Eckstein

Beau Eckstein is an experienced real estate investor and loan broker with over 20 years of experience in the industry.

He has sold real estate as a licensed agent, originated conventional mortgages, and arranged hundreds of millions of dollars’ worth of real estate transactions, from commercial financing to construction loans and bridge deals.

Currently, Beau is the Managing Director of PACE Equity, where he arranges financing for commercial development and renovation funding nationwide. Beau also originates HUD, SBA, and bridge loans, as well as other types of creative financing for many different situations.

Over the past 20 years in real estate, Beau has created a platform of financial partners to get all kinds of projects funded.

Recently, Beau re-located from the San Francisco Bay Area to Las Vegas, Nevada. He still does considerable business in Northern California, but, over the years, his reach and network has expanded nationwide.

Beau Eckstein can conduct business from anywhere and serve people all over the US.

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