I have a new project that needs a Land Loan to get to the next level. Or if possible, would love to find a Direct Lender that can work with this specific scenario.. Please see the particulars below...
The project is a "Shovel Ready Stage" Resort Development in the Bahamas. They need $260 Million USD to complete the project. They own the land Free and Clear and is valued at over $250M according to the Appraisal done in 2011. I already have the Business Plan, Principal's Bio's and the Appraisal.
I would like to know if a Lender would be interested in funding the entire project, using the land as their main contribution/collateral, Or if a Lender could just do a Land Loan of about $10M for them to come to me and my Lender that can fund the project, but requires 3% of the Loan Amount in Cash, to proceed.
As you can see, I do have a Lender already interested in the project, but the problem is that he won't take the raw land as collateral. He needs 3% in Cash only in order to get the funding.
If you are interested in either of the scenarios, I can make the introduction right away. Direct Lenders Only PLEASE!..
Thank you very much!
German Chavez Financial Consultant Mobile: (619)818-8349 ProjectFundingNow@Gmail.com