Client has 62 lot condo project in La Puente CA. Client has $1,000,000 in cash. $7,000,000 funding needed for purchase, demo, plans and first 9 unit building. Has lender willing to do 70% LTC with 10% reserves. Client needs $1,100,000 added equity as well as $490,000 for reserves.
You can share this discussion in two ways…
Share this link:
Send it with your computer's email program: Email this