Looking for 100% financing for a project that is moving forward. We will be applying for a demo permit in the next 30 - 60 days. This is a TOD Silver LEED project who's time has come. Contact me with details lkrick@kannpartners.com
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Am John Carlson a private lender/investor, i can help you with the loan funds, if you are interested, contact me via: info.jcloans@financier.com
I hope this email finds you doing well. I saw your post on Real Estate Finance and I'm wondering if you've been able to obtain financing? If you still need help, I think I could help you get this deal done. I would just need to ask a few questions about the deal before I could determine whether or not it was something I could get done. I look forward to your response.
bbanks@gatewayfundnc.com
910-399-6758 ext. 107
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Lisa -
You are going to be hard pressed to get a 100% loan unless the developer owns the land free and clear and it amounts to a significant portion of the overall project cost. For instance, my client has a $50 million development project in the works, and he needs $40 million to complete it. This was a pretty straightforward deal for us to get done because the client contributed land to the project that was appraised at $15 million. So in essence the loan to cost was actually only 73% even though the lender provided 100% of the costs he needed.
Rich Coppage
Vice President, Cressida Capital
8939 S. Sepulveda Blvd.
Suite 102
Los Angeles, CA 90045
O: 213.784.2784 x1004
M: 480.215.9909
F: 480.269.9805
E: richc@cressidacapital.com
www.CressidaCapital.com
www.cressidacapital.com/category/closed-deals/
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