We have a 18 unit rental project in Morristown NJ. We have a bank interested in a construction to permanent loan, but would like us to have cash in the bank as collateral. We do not need to spend this money and looking for a loan.
Will send more details as requested. Open to ideas.
You are looking for a collateral/equity partner?
Perferrably debt, but would offer some
how much do you need your partner to show in the bank?
total 430, we have 80, so we need 350k more. Will be in for a couple of months only.
Chuck, we do not do equity partnerships. I have reached out to an old associate of mine who used to years back, but he has not gotten back to me as yet. Hopefully by end of business day he will and I will pass on your information. Good luck with your project
any part of it would help.
Are you still looking for debt financing? If so, I would need more information. Please forward to firstname.lastname@example.org