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Updated almost 8 years ago,

User Stats

10
Posts
0
Votes
Sam Borgia
  • Developer
  • Scranton, PA
0
Votes |
10
Posts

Looking for Equity in exchange for ownership

Sam Borgia
  • Developer
  • Scranton, PA
Posted

Hello all-

I figured I would check out this site for a larger reach. 

I am a developer in the Northeast with a shovel-ready 130 bed Assisted Living/Memory Care Facility. It is zoned and approved and 3 independent market studies have been conducted and are all positive. Operator, architects, builders, engineers are in place and already under contract. Also, very important, the debt is secured and under contract. 

I am looking for a $3MM equity piece for land acquisition and some minor pre-development. In exchange for this equity, I will relinquish 10% ownership of the business. The building will take 12-16 months to build and stabilized at the 3 year mark.

Please message me with any interest and spread the word! 

Thanks,

Sam

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