$900K bridge needed for acquisition and improvements on warehouse in AZ

Experienced developer/sponsor (developer/contractor 24+ years)  is seeking approximately $900,000 secured by a first position on a 21,208 SF commercial warehouse in Phoenix, AZ for acquisition and improvements for a medical marijuana cultivation facility.

Appraisal:  $1.8MM on September 7, 2013.

A purchase agreement is in place with seller in the amount of $1,290,000.

Sponsor is seeking a 2-5 year note, 10% interest with no pre-payment penalty after one year. Sponsor is contributing approximately $900,000 cash. Looking for a 2-week close.


Views: 128

Replies are closed for this discussion.

Replies to This Discussion

Hi Tony:

Please give me a call I may be able to assist you.

Ann O'Rourke

Prime-Timefinancialconsultants

603-560-4398

Tony,

Please send an overview to mdeibel@knightheadfunding.com.  I am a private equity lender and I may be able to fund your project.

Best Regards,

Max

My  name is Felix and I am a Finance Specialist. We can help you.
Call my partner Courtney Lawrence and she will talk to you about  the kinds of funds we provide. Also go to our website. For any questions please  to hesitate to reach us.
Felix And Courtney Lawrence:
Phone:  (949) 777-5509 | Fax:   (949)  309-2731

RSS

© 2021   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service