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Updated over 1 year ago on . Most recent reply
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Construction Funding Advice Needed
Hello Everyone, I would like some help being shown the right direction on finding someone to fund a construction project. I have owned an Automotive Repair Business since 2015. I am to the point where I am tired of paying rent to for the shop we currently operate out of. I have found land that I would like to purchase under my real estate investment company and build a new shop on that property. I would like to find someone that would fund the land purchase/building project. (10-12 months project time). After the build is over I would get a conventional loan (appraisal value will be way higher than build costs) to pay back the funding. I want to do all of this under my REI company and have my other business pay rent to my REI company to help grow my REI portfolio. I will be happy to go into greater detail about the project with an interested party via private message. Thank you for your time reading this and I hope I get pointed in the right direction to make this project happen.