Commercial Investment Query

[Manas Joshi]

I have a commercial investment project. Will need a funding for Approx. $1 Million and looking for lenders who can provide funding? We own a land part of worth $7,50,000 and we want to make a building worth $1 Million. Looking for lenders or brokers who can help us for the lending.

[Brandon Croucier]

This seems pretty straightforward, we would be at 80% LTC, $1,000,000 + $750,000 = 1,400,000 Max loan amount. Would love to connect and see how we can get this done

[Erik Estrada]

Quote from @Manas Joshi:

I have a commercial investment project. Will need a funding for Approx. $1 Million and looking for lenders who can provide funding? We own a land part of worth $7,50,000 and we want to make a building worth $1 Million. Looking for lenders or brokers who can help us for the lending.

 Hey Manas, 

I am confused on your scenario, 

You open land worth $750k and need a loan for $1 million, so the ARV can be $1 million? Something is not adding up

[Alex Hunt]

Hey Manas, happy to help on this! Let’s chat 

[Manas Joshi]

Hey Erik,

The land value is $750K and cost to build a vanilla shell is $1 Million and we need lending to build vanilla shell using land value as collateral.

[Parth Patel]

Hi, Manas Joshi. I am interested in this opportunity and would like to learn more.