Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated about 14 years ago on . Most recent reply
![Michal Rooney's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/63835/1621413438-avatar-swift.jpg?twic=v1/output=image/cover=128x128&v=2)
Commercial loan: Help me make this happen
I need to move a mountain. That’s why I came to BP. I do not expect easy but perhaps what I’m looking for is possible :
I have a commercial deal that I thought lost because another investor took it up. I have since realized they were not able to secure financing (not due to the property itself but their horrible business plan for it). That means I have a small window of time to come up with the funding myself. The down payment is not the question it’s a commercial loan in quick.
I need to finance:
development lots in Hawaii + 2 buildings for 3 million – this is the minimum it establishes cashflow. I have plans and partners, the contractor is at the ready - just need a loan.
I need to do this by: ideally January 1st or ASAP
ITV for lots is a fraction of a percent past 70% I could get that down past 70% if it would make the deal
I will give more specifics if necessary but I am asking if long-term commercial rates are possible on this? Does this happen at 8% considering they are lots at the moment? I am fine with certain balloon payments. I have seen some unique resources on BP and if you have one that fits I would like to tap into those channels - I would really appreciate any feedback in this and yes it is feasible deal that I will carry through on.
note : Thanks to BP I am fully aware how challenging investing is - I have been reading up voraciously - but now it's time to pull the trigger. Thank you for all the past knowledge you've shared here. Oh and I have posted before just cannot access that account.