Private Equity lending available- 50% of value

If you have a free and clear / unencumbered asset- land, real estate- residential and commercial (hotels, multi-fam, apartments, etc), and you need cash for improvements, another project, etc. - min loan amount $10 million. JV w/ a private equity lender, no repayment in return for an ownership percentage - appraisal and title work, close in 1 week. No fees. Contact me at robenright@comcast.net or 215-410-9703.

0 members like this

▶ Reply to This

Replies to This Discussion

Permalink Reply by chris molloy on September 16, 2017 at 12:03pm

I am looking for help to secure a loan collateralized by a 50 acre parcel of land in pennsylvaia. free and clear, assessed at 1.4875 million.

loan amount needs if $500,000
--

please let me know if you can help. investor could not perform

▶ Reply

Permalink Reply by Victor Gresham on August 26, 2018 at 1:01am

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.