plot of land near heavy developed beach area in Southeast....100 or so acres......land was sold for $10 million or so to small development group which did not stay together.
need: acquisition money to acquire land....lets say $3.5million....and then we need to have construction and development money once land is under title....plan is to develop condos, single family homes, sell off portions of land to hotel, apartment , and retail developers.
Zoning for all of these in place.
I would be mortgage broker..and perhaps investor....brother who has built office buildings and single family ..homes and town home developments(award winning ) in State would be overseeing development..other investors in the area would be brought aboard as needed.
.....we would do sales contract to acquire land.....and then proceed to typical land development/construction type of loan.....
Can you email me at email@example.com a detailed executive summary, with marketing plan & exit strategies, support spreedsheets/proforma-use of funds schedule, revenue & expenses, monthly operating construction budget, developer's resumes, how much skin is he putting into the project, functional & Positional organizational, current corportate and personal financial statement, historic corporate & personal financials and tax returns for past 3 years, feasibility study, appraisal, photos, renderings, cma, surveys, permits, licenses, articles of incorporation or organization, w/bylaws or operating agreement. Thanks Sa,
I have interest in speaking to you about this loan scenario. We are direct lenders not brokers who have funded over $3 billion in closed loans all over the U.S. and a good part of the world. Contact me directly either by email Jeffsilver@kennedyfunding.com or call me at 201-342-8500 to discuss.
See below program for your project.
40 year term
40 year amortization
Rates from 4.25%
45-60 DAY CLOSING
USA, CANADA & PUERTO RICO
Contact me directly either by email firstname.lastname@example.org or call at 510-575-1709.
WE offer commercial real estate loans nationwide. We also finance in many different industries as well. We can lend on both owner and non-owner occupied properties.. Our commercial real estate financing programs may be used for: real estate acquisition, short tern bridge financing, multi-family homes, offices, industrial properties, warehouses, retail locations, and more. Loan amounts range from $50,000 to $50,000,000, with LTV's up to 90% and closing as fast as 2-3 weeks. Contact our offices for more details LET THEM KNOW THAT WAYNE SANDERS INVITED YOU.