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Updated over 9 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Lender
  • from Dallas, Texas
  • Member since May 19, 2015
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Lender
  • from Dallas, Texas
  • Member since May 19, 2015
Connect
Account Closed
  • Lender
  • Dallas, TX
128
Votes |
283
Posts
Multi-Family and Apartment Investing

Looking for suggestions

Account Closed
  • Lender
  • Dallas, TX
Posted

I have a client/investor that is building his own apartment complex. Its 20 units and located in Colorado. He has about $750K in the deal plus a bank construction loan of about $1.6M.

He is 50% preleased and is running short on funds to complete the project. He is looking for a $200K to $250K loan/investment/anything to complete the project. The projected value on completion is in the $2.8 to $3.0M range.

Any ideas, referrals, solutions?

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