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sujaykanth
4 Posts |
 Posted - 07/12/2008 : 07:56:38 AM
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I would like to check if there are funds/ PE groups who is lending money in India. We have a many projects that need funding and a couple of the projects are mentioned below:
1. Building a Steel Plant in India
Loan Amount: $5.25 Mn
Total Value of the Proj: $6.75Mn
On this deal we can look at and Debt / Equity or a combination of both as I am an Investor in this project and a total of about $1.25 Mn will be the investment from our end and more money can be invested if it is essential to meet the funding guidelines.
2. IT Park in india
Loan Amt: $12.5 Mn
Value of Property: $50Mn
Completion Value: $70Mn
On this we are looking at only Debt.
On both the deals I can send the detail financials if any institution is intrested in the projects.
Sujay
COO
ESS Solutions LLC
718-701-2981.
sujaykanth@essllc.com |
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coopercash
2691 Posts |
Posted - 07/12/2008 : 11:59:22 AM
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My best suggestions would be to contact Rana Kapoor, CEO of YES Bank in Mumbai, also
K.R. Maheshwari at Indusind Bank also in Mubai. finally, may be worth running these deals by Dominic Price or Nilaya Agrawalla at JP Morgan Chase in Mumbai.
I'm always "curious" when deals that should be presented to "home" banks within the Country find their way wandering the globe looking for funding. |
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dtabar
748 Posts |
Posted - 07/12/2008 : 12:51:14 PM
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| or how deals of this magnitude end up on a mortgage forum... |
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mortgagemessiah
8003 Posts |
Posted - 07/12/2008 : 2:06:07 PM
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| I was thinking the same thing |
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gcaron05
246 Posts |
Posted - 07/12/2008 : 7:15:04 PM
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quote:
Originally posted by dtabar
or how deals of this magnitude end up on a mortgage forum...
It seems he decided to go shopping. |
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www.Weloan.us
79 Posts |
Posted - 07/12/2008 : 8:10:12 PM
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| Sujay so I guess you are shopping this deal????? Not only a Shopper but a STROKER....Have fun trying to find funding in India. No one wants to deal with STROKERS |
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www.Weloan.us
79 Posts |
Posted - 07/12/2008 : 8:12:55 PM
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| Dont you also OWN your own Mortgage company and OWN your own private Lending company so why are you shopping for a loan if you OWN a mortgage company and a private equity firm so you claim??? You also want a loan where you dont want to pay any up front fees. LOL....good luck finding that maybe you should turn to yourself for financing since its such a GREAT deal. |
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quasigovy
462 Posts |
Posted - 07/12/2008 : 10:49:51 PM
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I can fund these deals!!!!
All I need is $150k nonrefundable deposit wired to my Swiss bank account.
You will then have all of the money in 3 weeks.
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sujaykanth
4 Posts |
Posted - 07/13/2008 : 12:13:45 AM
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| I am not shopping, NYC was not clear as to how the funding would work in case of International Loans, I was checking if there were people who knew the regulations. Also looking for options is not a bad thing at all, and as discussed over the con-call I am still waiting from NYC to set up a con-call from itz investors, as mentioned I am not averse against your fee but I need to ensure that my questions are answered. NOBODY would give you $25K w/o questions being answered. |
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homebroker@sbcgl
2664 Posts |
Posted - 07/13/2008 : 12:16:53 AM
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You posted exactly what this blog if for, assistance on funding loans. Good Luck!
quote:
Originally posted by sujaykanth
I am not shopping, NYC was not clear as to how the funding would work in case of International Loans, I was checking if there were people who knew the regulations. Also looking for options is not a bad thing at all, and as discussed over the con-call I am still waiting from NYC to set up a con-call from itz investors, as mentioned I am not averse against your fee but I need to ensure that my questions are answered. NOBODY would give you $25K w/o questions being answered.
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sujaykanth
4 Posts |
Posted - 07/13/2008 : 12:39:49 AM
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quote:
Originally posted by www.Weloan.us
Dont you also OWN your own Mortgage company and OWN your own private Lending company so why are you shopping for a loan if you OWN a mortgage company and a private equity firm so you claim??? You also want a loan where you dont want to pay any up front fees. LOL....good luck finding that maybe you should turn to yourself for financing since its such a GREAT deal.
Correction I said I HAD a mortgage company of my own and never mentioned that I have a PE firm. Upfront fee w/o even talking to the investor and not sure how anyone would just give you/ NYC Underwriters money, as I said I dont mind mind your fees as long as my questions are answered, and as a brokerage firm that is your duty as well, you need to take things in a sportive manner and you mentioning about fees all the time on blog is more derogatory for your firm than mine. I am still keen to work with your group. |
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darkstar
16976 Posts |
Posted - 07/13/2008 : 05:51:52 AM
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>>>>I'm always "curious" when deals that should be presented to "home" banks within the Country find their way wandering the globe looking for funding.
Just like the ones that say "FULL PACKAGE, READY TO GO", they always leave out the reason the last lender said no instead of presenting the issue up front which means to me, they're trying to slide something thru...What's worse is when it's a surmountable issue the LO is just to afraid, or lacks the knowledge, to deal with... |
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CoolMtgGuy
2799 Posts |
Posted - 07/13/2008 : 06:13:03 AM
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The field of "brokering" is pregnant with this sort of thing. Many years ago I was involved in a different type of brokerage business. I can't tell you how many times I would be contacted by people who "had control of several 747 aircraft" that needed to be unloaded ... and others will call with "buyers looking for 747s to start an airline". Of course most of these people were not real players ... just wannabe folks trying to chisel a payoff from a ghost of a deal. I learned a long time ago that most "brokers" are full of hot air.
My kind of broker is Nick Cage in LORD OF WAR ... now he can get-er-done!
quote:
Originally posted by darkstar
>>>>I'm always "curious" when deals that should be presented to "home" banks within the Country find their way wandering the globe looking for funding.
Just like the ones that say "FULL PACKAGE, READY TO GO", they always leave out the reason the last lender said no instead of presenting the issue up front which means to me, they're trying to slide something thru...What's worse is when it's a surmountable issue the LO is just to afraid, or lacks the knowledge, to deal with...
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sujaykanth
4 Posts |
Posted - 07/13/2008 : 11:23:58 AM
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quote:
Originally posted by darkstar
>>>>I'm always "curious" when deals that should be presented to "home" banks within the Country find their way wandering the globe looking for funding.
Just like the ones that say "FULL PACKAGE, READY TO GO", they always leave out the reason the last lender said no instead of presenting the issue up front which means to me, they're trying to slide something thru...What's worse is when it's a surmountable issue the LO is just to afraid, or lacks the knowledge, to deal with...
FYI, the lending rates in India are around 13.25% to 14%, hence people look for FDI (Foreign Direct Investment), hence seek foreign funding. The best rates of intrest are offered in Japanese Yen borrowings but unfortunately I am not aware of any Japanese lenders at this point of time. |
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www.Weloan.us
79 Posts |
Posted - 07/13/2008 : 11:32:34 AM
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quote:
Originally posted by sujaykanth
quote:
Originally posted by www.Weloan.us
Dont you also OWN your own Mortgage company and OWN your own private Lending company so why are you shopping for a loan if you OWN a mortgage company and a private equity firm so you claim??? You also want a loan where you dont want to pay any up front fees. LOL....good luck finding that maybe you should turn to yourself for financing since its such a GREAT deal.
Correction I said I HAD a mortgage company of my own and never mentioned that I have a PE firm. Upfront fee w/o even talking to the investor and not sure how anyone would just give you/ NYC Underwriters money, as I said I dont mind mind your fees as long as my questions are answered, and as a brokerage firm that is your duty as well, you need to take things in a sportive manner and you mentioning about fees all the time on blog is more derogatory for your firm than mine. I am still keen to work with your group.
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www.Weloan.us
79 Posts |
Posted - 07/13/2008 : 11:38:59 AM
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| You did say that you had your own PE firm. You also said you work for the largest commercial processing company in the world. You didnt even get back to us to set up another conf. call you just go shopping your deal around wanting a FREE ride. Then you post this."you need to take things in a sportive manner and you mentioning about fees ALL the time on blog is more derogatory for your firm than mine" Not one time did I mention fees on this blog so make sure you read before you mis quote your self. Stroke , Stroke , Stroke... |
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www.Weloan.us
79 Posts |
Posted - 07/13/2008 : 11:42:05 AM
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you said you are NOT Shopping LOL. Then why are you posting your deals on here???? What are you doing then wasting peoples time. This is your post...
Posted - 07/12/2008 : 07:56 AM
--------------------------------------------------------------------------------
I would like to check if there are funds/ PE groups who is lending money in India. We have a many projects that need funding and a couple of the projects are mentioned below:
1. Building a Steel Plant in India
Loan Amount: $5.25 Mn
Total Value of the Proj: $6.75Mn
On this deal we can look at and Debt / Equity or a combination of both as I am an Investor in this project and a total of about $1.25 Mn will be the investment from our end and more money can be invested if it is essential to meet the funding guidelines.
2. IT Park in india
Loan Amt: $12.5 Mn
Value of Property: $50Mn
Completion Value: $70Mn
On this we are looking at only Debt.
On both the deals I can send the detail financials if any institution is intrested in the projects.
SOUNDS LIKE SHOPPING TO ME>>>>>
quote:
Originally posted by sujaykanth
I am not shopping, NYC was not clear as to how the funding would work in case of International Loans, I was checking if there were people who knew the regulations. Also looking for options is not a bad thing at all, and as discussed over the con-call I am still waiting from NYC to set up a con-call from itz investors, as mentioned I am not averse against your fee but I need to ensure that my questions are answered. NOBODY would give you $25K w/o questions being answered.
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the_mortgage_guy
982 Posts |
Posted - 07/13/2008 : 12:17:11 PM
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| Yes, its called Lendia, oops sorry, their out of biz I believe. |
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EMScommercial
5050 Posts |
Posted - 07/14/2008 : 10:11:42 AM
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| great info coop.... |
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