All Forum Posts by: Jim Bryson

The loan amount is 1.3 million dollars I'm putting up $47,000 just want to be sure my money safe if something happens with my loan you know.

I have an offer from a broker and private lender funding a project. I think I need to check out my broker and lender to get comfortable. How can you check if there accredited

Some lenders want me to charge myself my standard construction rates which I totally understand. But doing so raises the 20% in upfront cost. How do you get private funding for these type projects with the projects collateral standing for themselves. This is for new construction and nothing is being funded that's not on the ground. I'm losing deals and watching people come in behind me and develop my centers. The pass centers that I developed and sold where not done thru my name. HELP I need to be building. I really need to streamline the funding process on these projects for the New Year.

 Yeah when I mentioned lawyer and told them to send me some information on the lender where I can check them out before I send my money and that's the last I've heard of them.

I started talking about my lawyer review and I hadn't heard anything back today  they were sending me the info to send the wire

well this is the most serious offer. I keep messing around with lenders and January 11th my money goes hard on this deal. All of these lenders are wanting something else I do all the construction in the house on these projects and I'm below wholesale on developed centers. They want me to charge my standard construction rates which I'm great with but my 20% goes up and there I am trying to raise more cash. I could have already built this Center in the time of getting the financing if I had a streamlined process down 4 funding that would be great

I had a partner before I ran everything through his name and it's been about seven years ago and it was done with conventional financing I don't have that option now

I have built and sold four of these but due to my credit and net worth the bank is not an option. I did the ones in the pass with banks but not in my name.

That's all I'm putting in. Works better for me instead of 20% upfront on cost

The lender is shown as individual and sent me a letter we both signed that basically states if I have no bankruptcies he is fully prepared to move forward with the funding.