The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

I have a approved PUD to build 48 townhouses on 6.8 acres. Wanted Partner

I have a approved PUD (Planned Unit Development) to build 48 townhouses on 6.8 acres. all documents from Condo to traffic are finished. Need a partner with $1.5 million investment to mitigate risk, to build out the infrastructure road, sewer, power and sales office. The project is ready to go, sales team in place. Investor receives Deed in Trust and an expected return of 200% for a 5 year hold. Units are built 6 per building only as they are sold!! Sales office could be open by November. Construction start 1st. of the year. One of the fasted growing areas in the country and is located adjacent to a new tollway exit.

Daniel Blodgett

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., "www.mywebsite.com"

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, illegal activities, or to rant about personal issues. Please review the full guidelines if you have any questions.

Submit Your Answer
Answers (4)
No User Photo
231 Capital llc
Suffolk County, NY

#1. Ground up construction. Max LTC 80%. (All commercial property types, including Hospitality, ALF & Memory Care) Minimum loan $10M. Pricing LIBOR + 700 – 800BP
#2. High leverage bridge loans on existing commercial properties.
Max LTV 90%. Minimum loan $10M. Pricing LIBOR + 550 – 750BPS
#3. Hard Money bridge loan: Max LTC/LTV 70%. Pricing 10-13%
Please give me a call or send me an email if you have a scenario you would like me to review.
Construction Loans:
*80% LTC
*Pricing: LIBOR plus 700BPS – 800PBS
*Property Types: All commercial property types inclusive of Hotels & Senior Living
*Loan Amounts: $10M and above (we will go down to $6M if the transaction is not too complicated)
Please feel free to contact me

Mar 1, 2016
jim flynn
flynn international
owner
NC

Do you have %20 cash to add to project. If so we can help.
jim
jamesccflynn@yahoo.com

Feb 21, 2016
Daniel Blodgett
Entertainment Leisure
Manager
Orange County, FL

Yes, if necessary and able to add more collateral also.

Jul 1, 2015
jim flynn
flynn international
owner
NC

do you have any cash to add to project.

Jul 1, 2015