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cobblestone1
2 Posts |
 Posted - 07/24/2008 : 8:28:29 PM
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| My client, a long-time residential and commercial builder in Phoenix need a $15+ million construction loan. The builder owns 5 projects; located in primary markets in Phoenix and Scottsdale; consisting mostly of completed homes and improved lots; current construction lender needs cash and wants out; debt can be purchased at 50% - 60% of face; allowing builder to reduce prices of homes and sell quickly, thereby reducing new loan. |
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gcaron05
247 Posts |
Posted - 07/24/2008 : 8:32:17 PM
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quote:
Originally posted by cobblestone1
My client, a long-time residential and commercial builder in Phoenix need a $15+ million construction loan. The builder owns 5 projects; located in primary markets in Phoenix and Scottsdale; consisting mostly of completed homes and improved lots; current construction lender needs cash and wants out; debt can be purchased at 50% - 60% of face; allowing builder to reduce prices of homes and sell quickly, thereby reducing new loan.
We may be able to help. Contact me. |
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