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Updated about 18 years ago,
Cash Partner Needed for Land Deal
To whom it may concern:
I'm looking for a lender, cash partner, or investment group to help my client with a 40% second on a land deal. He is already approved for a $3.1M loan, which is the purchase price, for a piece of land that he will be developing. This is only a small amount compared to the future appraised value--which I have in hand. He has already been approved up to 70% of future appraised value to get the development started. He simply needs a partner to come up with the 40% second--$1.24M, on the purchase price.
If this is something you can help with, let me know ASAP. I can give you more information, including appraisal, and future appraisal. The numbers are impressive--he just needs a partner.
Neil Richey
Real Estate Investor and Mortgage Consultant
World Properties International
and TC Rich Properties, LLC
Box 80429
Simpsonville, SC 29680
(864) 631-3511 Direct
(864) 640-4850 Fax
(206) 337-1718 E-Fax
[email protected]
www.wpirealty.com/neilrichey