70% of completion value NOT loan to cost. 3M up Direct Lender

Ft. Myers FL. Since 1971 fishermike50@gmail

All 50 states JUST LIVING THE DREAM!

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Hi Michael:

Just wondering if this might be of interest:  WE are brokers looking for the capital. 

Would you be interested in a new construction senior care housing facility in Texas? 

This is a 90 bed AL/ALZ conversion in Gainesville TX.  We have been asked to assist in raising the construction financing.

 

As you will see, the total project budget is approximately $16.9MM.  The owner will contribute the land and existing building (current appraised value $4.2MM - $4.5MM) as well as raise an additional $2.5MM of equity through a direct investment with 5 wealthy individuals through the EB5 program.  Facility is looking for a 3 – 5 year construction loan that will be refinanced with a HUD loan upon stabilization. 

Available is the full business plan with complete background information on the project, an overview of the market and the team that the owner has put together to bring this project to a successful conclusion as well as the Summary Output that details unit mix, fill-up assumptions and the 5-year operation budget post completion and the credit statistics..  Available:Sources & Uses for the project. 

After you have had a chance to review please call me re questions  next steps.  

Regards, 

Harold Kolbe

678-557-8866

Hi Harold,

Please send me your summary for me to review. We do have interest.

Thanks......Mike 443-838-9563  fishermike50@gmail

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