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 firstname.lastname@example.org 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 email@example.com or call at 510-575-1709.