Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago, 04/01/2020
New Member - Equity Partner Backing Out of Deal At Last Minute
Hi All,
I'm a new member/Pro subscriber. Been under contract to acquire a great high density multifamily development site in an Opportunity Zone for several months. Equity partner seems to want to back out of deal at the last minute. Seller willing to carry 50% of purchase price. Other than going back to my list of potential equity partners and pitching the project, any other ideas?
Developers interested in developing multifamily on the site. Correct zoning in place. Construction financing available. The problem is currently in the acquisition. How do I use BP to put in front of potential equity partners.