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Updated about 5 hours ago on .

User Stats

67
Posts
15
Votes

Seeking Private Individual for Ground up project lending

Magnus Wikström
Posted

Hi all,

We have a ground up project permitted and ready to go. We've built 2 identical homes in the same neighbourhood, and our plan is to keep starting batches of projects of quarter/trimester or so. I want to see if there are private individuals here lending, as I find the leverage often better than normal hard money company lenders, and that's basically what we care about (within reasonable costs). It's not because we don't have the funds, as our liquid availability is our strength, but for anyone with an investment background, the numbers on equity and IRR are the key metrics.

Reach out if of interest. We've got 3 more in the permitting stage. SWFL.

Land: $19.500
Construction: $192.258
Sale value: $310.000

We're foreigners for the record.

Thank you