#NEW #FUNDING #ALERT
The PEI Investment Funds Group I represent is pleased to offer 100% LTC Financing (up to 80% of future value) for the financing of your Land Purchases, Land Improvements and Development Projects.
LAND ACQUISITION & IMPROVEMENT or PROJECT FINANCING - Up to 100% LTC (Loan To Costs)
For investor-borrowers with plans to purchase and improve and sell land or for develop projects, My Funds group offers the following two financing options.
The primary requirement is that improvement or development of the land is intended to be completed within the next 5 years.
If there are legitimate plans to improve or develop the land within 60 months from the funding date, 100% of the land acquisition can be funded based upon the following option criteria for this phenomenal "Pro Forma Based" financing.
Loan Amounts starting at USD $1 Million to USD $500 Million+ (Contingent upon planned uses and feasibility.)
Joint Venture Funding is available. Here are the Debt Financing options.
Option #1. Land Acquisition and Improvement - {Subdivisions, Infrastructure, Lot Sales, etc.}
- 100% Financing up to 80% of Future "Bulk Sale" Value
- Permits and Entitlements Not Required to Proceed With Loan Approval
- 2, 5 and 10 year fixed rate options based on U.S. Treasury Index plus 1.50% on 30 year am.
- Commercial Uses Only
- Standard carve-outs permitted
- 12 month prepayment lockout and No pre-payment penalties thereafter
- Pre-sales or LOIs preferred, but not required to proceed toward Contingent Approval with POF
- Moratorium on payments during subdivision or improvement periods up to 60 months
- No Personal Recourse Required
- Typically 1% to 3% Loan Fee (from the gross loan amount)
- Approval usually issued within 10 business days after preliminary documents
- Funding usually within 20 business days total after receipt of all documents
- Nationwide & International
Option #2. Acquisition and Development Projects
- 100%LTC Financing up to 80% of Estimated "As Completed" Developed Project Value
- 2, 5 and 10 year fixed rate options based on U.S. Treasury Index plus 1.50% on 30 year am.
- Permits and Entitlements Not Required to Proceed With Loan Approval
- Payments Deferred up to 60 months; payments ledger to the loan balance
- Standard carve-outs permitted
- Commercial uses only
- 12 month prepay lockout and No pre-payment penalties thereafter
- Typically 1% - 3% Loan Fee (from gross loan amount)
- No pre-sales or LOIs required to proceed toward Contingent Approval with POF
- Approval with POF usually within 10 business days after preliminary documents
- Funding usually within 20 business days total
- Nationwide & International
Email Ms. Bynum @ PrettyGurlsInvestments@gmail.com to
DISCUSS YOUR PROJECT TODAY!!!
You need to be a member of Real Estate Finance to add comments!
Join Real Estate Finance