247lender
56 Posts |
 Posted - 08/13/2008 : 8:06:54 PM
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New community with development work complete seeks financing for sticks and bricks. Developer is holding the note on the land. Loans in the $3 to $4 million range will work out to less than 70 percent LTV. Loans will be made to established, successful, reputable building companies with excellent financials. Property is in Palm Beach County, Florida.
We're still working on our lender packages and only giving basics here to see if there's any interest. The one question I anticipate is, "Don't 'established, successful, reputable building companies' have existing relationships with lenders that they would use? And the answer is yes. We're interested in seeing what other opportunities are out there.
Email me, if you or someone you know might be interested in these deals.
Sheila
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