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Updated about 2 years ago,

User Stats

7
Posts
2
Votes
Robert Iannone
  • Central NJ
2
Votes |
7
Posts

Looking for a silent partner to help with out of pocket costs

Robert Iannone
  • Central NJ
Posted

Hello, my name is Robert, This may have been answered, but I had no luck finding anything.  I have private/hard money lenders I am considering using.  I have been a GC/ contractor for over 30 years in central NJ so I have everything I need as far as the sweat equity portion of the deal. What I am lacking is the initial 20% ish, maybe less,  I need to satisfy the lenders' upfront costs IE: down payment, points, and doc fees. etc.  I am willing to work out a very fair split of the profits at the sale.  If anyone out there does this kind of 100% lending for the whole project that might even work better, but I am not sure that exists. 

Thanks in advance,  hope you guys can help

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