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Updated almost 9 years ago,
Hard Money or Private Money needed for highly profitable project
Working on raising capital for a land development deal.
Project is in final stages before it can be sold to a builder. Funds needed for engineering fees to modify a previously approved plat. All studies have been approved. Lots can be papered and sold to a builder in approximately 6 months. Infill area near major US City. High demand area. Builder who has previously purchased lots, wants to purchase the property as soon as the plat is approved.
Entire project has been appraised for $11 million. Phase 1 is being split off now and valued at approximately $4 million. Seeking 1st position loan of $1.5 million for up to 12 months.
Highly profitable deal. In additional to interest, profit sharing bonus which will juice returns.
Further details available. Send PM. Serious inquires only please.