I have access to a large private funding source that can fund projects from $5,000,000 to $200,000,000 and can close in 30 days or less depending on the complexity of your project. In some cases they can fund requests as low as $2,000,000 but typically they like $5,000,000 and up!
They love REO distressed assets at deep discounts, ground up development and redevelopment, Hotel, Senior Housing, Multifamily Apartments, Office and retail centers.They fund in all states and internationally depending country, risk, asset type and location .
They do require Principals to have strong financials, experience in the industry and or have a strong sponsor that does.
They will require 25% skin in the game unless financial status is strong enough that will lower equity required down to 20% or in some cases as low as 10%
If interested please feel free to contact me at email@example.com or 805-588-4766
I hope all is well.
I am looking for an $8,750,000 equity based loan secured by 213 acres +/- acres valued $17,500,000.
Property / land has real estate attached.
I need to close in 7 -10 business days.
The property address is 140 Aubrey Dr. Butler, PA..
The property includes a 18 H*** Golf Course (approx. 110 acres ), approx. 105 acres of vacant development land, Clubhouse, Tea House, and associated Maintenance Buildings.
All of the land with the exception of 33 acres is zoned R-2 ( 8 units per acre).
A $1,000,000.00 + Clubhouse, 60 Golf Carts, and Tea House along with golf course maintenance equip.
The property and land is owned free and clear of any liens and held in a Family Trust.
Legal Description of Property
060-2f104-13E, 060-2F104-13F, 060-2F104-23DAA, 056-4-1, 056-4-2, 056-39B.
These parcels are located in Butler and Center Twp.`s of Butler County, Pennsylvania.
Requested Loan Terms
Non-Recourse Land Loan - Quick Close is the type of loan requested. (7-10 Days)
$17,500,000 Current Market Value.
$8,750,000 Requested Loan Amount (50% LTV).
1 Year Loan Term.
8% Annual Interest Only Payments.
(The entire one (1) year of interest only payments will be prepaid at closing so that there will be no interest only payments due during the one (1) year loan term.
One (1) Point paid for Loan Origination Fees.
If your company has an interest in approving our loan request to purchase this property and need more information, please email me with the request and I will secure the requested information.
Property will be refinanced after one (1) year to repay requested loan amount.
Property will be purchased for humanitarian purposes and to be developed for assisted living facilities.
Note: All property information provided by Seller.
I look forward to answering any questions you may have via email in order to receive a preliminary decision whether or not your company is interested in financing our purchase of the above property.