Seeking Lender for Residential Development in Beverly Hills, CA 90210

I am seeking a direct asset based lender for 3 High End Residential projects in Beverly Hills, CA 90210 for loans to $7M. 

Plan: Build an 8,500 SF Residence in Bev. Hills ,CA - ARV = $7.5M

Requirements: $3.4M in 2 phases ($600k/$2.8M). Lot Split 

Collateral: Current appraisal at $3.5M with $2.4M in Equity. Post Split     Val $5.5M+. 

2nd Project: Spec home purchased a year ago with an ARV of $5.5M. Need to replace current financing $2.3M and secure a $1.5M construction loan.  IN ESCROW. THANK YOU.

Seeking funding from an established entity with competitive rates and fast closing, Will consider small equity position

Project Summary and appraisals available upon request - Experienced Developer

Views: 439

Reply to This

Replies to This Discussion

Hi ,
I Represent a (Private JV Equity Firm) in NYC. I offer Virtually 100% Funding, in trade with 10% Refubdable Deposit from Client. Which is held in a U.S. Bona Fide Escrow Acct, that is held until final profit is realized,at end of the Funding process. In trade we take a JV Stake in the Project,for up to 36monts ,or until you buy us out. NO INTEREST PAYMENTS ,FOR THE ENTIRE TERM. We Are JV Equity Partners. We can close in 4-6 weeks with , only exec,plan,Experience, 10% DP refundable funding Deposit.
No Credit,6 month bank statements,Tax Returns, required ,accept to verify 3 day verification of the 6% funds.
Please contact me to discuss your funding needs ASAP.
Matt Picone;


Email Sent. 


© 2019   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service