We are providing quick bridge and private funding financing for various projects.
Our Bridge and Hard Money is as follows:
*Fast Closings (typically 2-3 weeks)
*Term: 6 months to 3 years
Loan amounts: $500,000 - $25,000,000
Rate: 8-12%, Interest Only
LTV: up to 75%
Property types: Office/Retail/Multifamily/Condos/Industrial/Hospitality/Land
Business plan with clear exit strategy, please also include photos of the project and bios for all guarantors Current financials for borrowing entity. Personal financial statement for any person or entity owning 10% or more of the borrowing entity.
Project specific documents (purchase agreements, use of funds, construction budget)
I look forward to reviewing your project and working to assist your clients with the funding of their projects.
Tags:
Good Evening,
I hope all is well.
I am looking for an $8,750,000 equity based loan secured by 213 acres +/- acres valued $17,500,000.
Property / land has real estate attached.
I need to close in 7 -10 business days.
Property Attributes
The property address is 140 Aubrey Dr. Butler, PA..
The property includes a 18 Hole Golf Course (approx. 110 acres ), approx. 105 acres of vacant development land, Clubhouse, Tea House, and associated Maintenance Buildings.
All of the land with the exception of 33 acres is zoned R-2 ( 8 units per acre).
A $1,000,000.00 + Clubhouse, 60 Golf Carts, and Tea House along with golf course maintenance equip.
The property and land is owned free and clear of any liens and held in a Family Trust.
Legal Description of Property
060-2f104-13E, 060-2F104-13F, 060-2F104-23DAA, 056-4-1, 056-4-2, 056-39B.
These parcels are located in Butler and Center Twp.`s of Butler County, Pennsylvania.
Requested Loan Terms
Non-Recourse Land Loan - Quick Close is the type of loan requested. (7-10 Days)
$17,500,000 Current Market Value.
$8,750,000 Requested Loan Amount (50% LTV).
1 Year Loan Term.
8% Annual Interest Only Payments.
(The entire one (1) year of interest only payments will be prepaid at closing so that there will be no interest only payments due during the one (1) year loan term.
One (1) Point paid for Loan Origination Fees.
If your company has an interest in approving our loan request to purchase this property and need more information, please email me with the request and I will secure the requested information.
Exit Strategy
Property will be refinanced after one (1) year to repay requested loan amount.
Conclusion
Property will be purchased for humanitarian purposes and to be developed for assisted living facilities.
Note: All property information provided by Seller.
I look forward to answering any questions you may have via email in order to receive a preliminary decision whether or not your company is interested in financing our purchase of the above property.
Best Regards
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