Jersey Shore real estate investors?

Question

Hi,

My name's John, I run Gambrick Construction, one of the highest rated custom new home builders at the Jersey Shore. We've done over 100 homes since 2000, million dollar ocean front homes, commercial retail projects, medium size buildings, and a few government projects. We've been in business since 1971, have perfect credit and a solid, steady business and even we are having a hard time securing funding when we need it from the banks.

I've decided to start looking for private investors to fund high end spec home building at the Jersey Shore. The banks are nothing but a headache and I'm not interested in hard money lenders. I can't tell you how much money we've lost due to time wasted dealing with banks, the great deals don't stay on the market long enough for banks to approve the deals.

I'd appreciate any advise you can give me on the best way of finding private investors. This is my first time trying to secure money outside of a bank so I'm very new to all this.

If you know any investors or are one yourself message me any time and check out our profile on Houzz if you like or our website gambrick.com.

Cheers,

John.

David Weintraub · Answer

@John Mazzuca I attend the Jersey Shore Flippers event from time to time.  It may/not be what you're looking for, but it can't hurt.

Our company actually does ground up construction in Sea Girt, and other areas around the shore as well. And while we are lenders, I don't think it would hurt to have a conversation to see if there's an investment opportunity for all sides.  At the very least, we know the area/people in the area.

Congrats on your success, btw.

John Mazzuca · Answer

Thanks Patrick, I'll look them up.

John Mazzuca · Answer

Hi Tarik,

Around 12 months generally but it depends on the size and location, we've done some in 8 months and others in 18. That's construction time, usually they're sold before we complete them but if not add that time on as well.

Yes all from the ground up.

Patrick Martone · Answer

I'm located in Monmouth Beach. There is an REI group called Jersey Shore Flippers and Funders on Meetup.com They meet the first Tuesday of each month I believe.