$2 Million needed for a purchase and rehab of a Hotel into a Behavioral Health Center

We are looking for funding options for a purchase of a Hotel in New Mexico and we will turn it into a 70 bed Behavioral Health Center.  Revenues are fully backed by the government and the need has been backed by a third party feasibility study.  We have put $300k of our own money into the project.  Only serious lenders and we will not pay any upfront fees until we at least have a commitment.  

Views: 521

Attachments:

Reply to This

Replies to This Discussion

Mike,

Do you have a summary on this?  Def understand about upfront fees.  I may have a lender in hand that would consider this if studies support. If you have summary, send it to jaredrine@gmail.com  If not, please fill the attached.  I may be able to help you out with this.

Thanks,

Jared

jaredrine@gmail.com

209 481 0514

Attachments:

Sent you a one page summary and email.  Thanks.  

We would love to talk to you about finding funding for this project. Please contact us. We can close in all 50 states.

Sent you a one page summary and email.  Thanks.  

Sent you a one page.  Thanks

Hi Mike,

I work as a Banking Consultant for IBS Bank, N.A. for commercial deals specifically. Can you send me your summary as well? copelon.kirklin@gmail.com

Mike,

I see from the other replies, you have sent out a one page summary. Would you send the same on over and let's see what we can do. 

Thanks

Kelly 

kwbowlin@hotmail.com

866-817-4969

Mike,

We are an investment banking group with deep NM connections.  What we offer is below:

Investment banking group offering 100% funding either debt or equity or combination worldwide!  We are interested in the Energy, Technology, Mining, Real Estate and Business sectors. 30 year proven track record!  

We offer terms that are bank rate or better. No front fees. Principals must cover third party cost prior to closing. Our market is domestic and international.

It is our goal to offer you a quick, transparent and professional experience along with the most efficient service to fund your project.  We provide 100% of borrower’s capital request in the form of debt, equity or a combination and allow all documented expense paid by the borrower to be stacked on top of the request funds.  We can offer a moratorium on payments until the project is stabilized and cash flowing if the timeline to completion is reasonable.  (Determined on a case-by-case basis)

 To start we need a mutual NDA completed, executed and returned by all parties to the project.  Additionally, once we know the sector of the funding request i.e. Energy, Technology, Mining, Real Estate or Business we will provide a questionnaire that must be answered in detail and return which helps to access risk factors and determine our interest.   We are fully transparent and provide all the information for principal to make an intelligent decision on doing business with us.  If the project has merit with strong principal, a very good plan, the principal has liquidity to support the project until funding and are honest and cooperative we can get them through our in-house underwriting to funding.  Our rates are  based on the following indexes: Libor, Bond rate, 10-year Treasury or Prime depending on the project with terms of 3, 5, 7, 10 , 15 or 20 years.

 Required Documentation: (for submission)

The following documents will be necessary to successfully underwrite and fund your project:

  • Business Plan or Executive Summary with actual or proforma income statements 3 -5 years
  • Balance Sheet/Financial Statement/Cash Flow/P & L with YTD less than 90 days old (if applicable)
  • Copy of Appraisal or other valuation (if available)
  • Expanded Resumes of all principals
  • Line Item Detailed Use of Funds for short-term and long-term projections
  • Proof of funds spent to date in the project and 2 month bank statements showing reserves
  • Executed fee agreement

  We will need you to show proof of funds invested to date in the project, liquidity (cash in hand) to pay for third party expenses including a site visit, a need and necessity study (mini feasibility) along with legal and due diligence.  This is not upfront but after you receive an expression of interest in writing from the lender.   They will receive an expression of interest in writing from the lender along with lender contact and documentation for their due diligence. My job is to get you through our in-house underwriting and to funding!  We believe that relationship is critical if we are to be successful with our business venture and without a good relationship we will not be a good financial partner. 

 (The following remark is not intended to offend but stated because of so many request from those who believe that all cost can be paid from closing proceeds):

 “If there are no funds available to cover project cost and principals expects the lender to pay the necessary cost to determine if the project is lendable, close and fund the project and get their expenses from the loan proceeds then no one I know of can help you.”   I have 27 years experience in this industry and have never seen that happen with lenders in the US, Western Europe or anywhere else.

 Ron Coleman

NEPCO, INC 

nepcoinc@att.net

nepcoinc1 -Skype

GLOBAL CONSORTIUM - FUNDING FOR PROJECTS AND ASSETS IN THE ENERGY, TECHNOLOGY, MINING, BUSINESS AND REAL ESTATE SECTORS

770-572-7765

Introducing B J Enterprises.

We actively invest and provide short, medium and long-term finance facilities to corporate and private borrowers globally who are able to clearly demonstrate viability and status. We boast extensive financial resources from our own and managed private funds and are therefore able to provide facilities specifically structured to generate far reaching financial solutions designed to stimulate business growth and maximize profitability.

Broker’s information:

If you are a  professional intermediary advisor Loan Brokers, Mortgage Brokers, Independent Financial Advisers, Insolvency Practitioners, Solicitors, Accountants, Lettings Agents, Estate Agents, Sole Traders or anyone else providing financial services and you have clients that would benefit from what our company offers we would like to hear from you.

Go to our Website B.J.Enterprises. http://www.bjenterprises.net  for Company information or e-mail enquiries@bjenterprises.net

Jeffrey B. Freis Associates, Inc. is a private investment bank with an active real estate financing division.  Send me your Package. Check us out at www.jbfreisassociates.com

Jeffrey B. Freis, President
Jeffrey B. Freis Associates, Inc.
Tel: 914 967-9235
Fax:914 798-6670

Mike,

I am direct to 3 funding sources and they do not charge any up-front fees, all of the fees on our end come out of the close, and we can close in a short time frame provided everything is clear and clean. Please contact me at jrohner55@gmail.com , or call me at 623-251-1185 , we can general close in 45 days or less provided we get what we need to prove the project.

Best Regards,

James Rohner

 

Hello Mike, If you're still looking to fund your project please send Exec. Summary / Details to our Investment Group @ Sunshinlemj77@gmail.com for review and consideration.  Look forward to doing potential business with you.

RSS

© 2024   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service