Funding for Baltimore development

[Giles Ferrell]

Took a trip down to Baltimore today, to check out the possibility for growth and development. Enjoyed the city, but noticed a great deal of potential for housing. I was wondering if anyone would be able to give me tips on acquiring capital from the banking industry in Baltimore to take on the task of rehabbing and developing these underprivileged areas.

[Ned Carey]

@Giles Ferrell if you are talking about seed capital, it isn't going to happen. 

If you have some capital to leverage or partners with money, then make up a presentation package for the bank. Show them your experience. If you don't have experience: then find a partner with experience, or tell them who you are going to use as a contractor, or give them previous experience in other businesses. 

Give them a plan of what you are going to do and how you will profitable. Give forecasts for sales, expenses and a budget etc.

Most importantly make it very clear how they are secured and how they will get paid. What collateral can you pledge? You are going to have your best success with smaller local community banks. Big Banks like Bank of America aren't likely to be interested unless you are planning a much larger scale than I suspect. .