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Updated 6 months ago,
I need help and advice from lenders on how to finance the second phase of my project
Hello Everyone,
I’m thrilled to share an exciting project currently under development in Washington, which boasts significant rental income potential. Thanks to a successful reward crowdfunding campaign, we have raised the necessary capital to seed the project and are on track to build an additional 6 units what is likely the first lodge in the US funded by a reward-based crowdfund. We opened our calendars this month for the first backers.
Despite the project’s unique nature and impressive traction, securing traditional financing has proven challenging. However, the enthusiasm for this venture is undeniable. We've already collected around 20,000 pre-reservations, equating to approximately $30 to $40 million, and have received hundreds of requests to build individual units.
We’ve completed the first unit, which has passed the final county inspection under a residential permit, and are actively working on the second phase. We're also in the permitting process for an additional six units.
Given the project's unconventional approach, a debt equity partner might be the ideal solution if traditional financing isn’t feasible from what i am being told . Check out oculisdome.com for a visual overview and to share your thoughts on potential solutions for financing the next phase. Your insights and suggestions would be greatly appreciated at all levels.
Best