All Forum Posts by: Jim Simcoe

Nice to meet you! Sending you a DM, have a deal in Oceanside you might be interested in.

Hi Edmundo, are you a principle, direct lender or broker? At this time we're only considering principles and direct lenders so please lmk. thx.

@reggie, will email you right now, thx...

Seeking $2 Million in mezzanine financing for a luxury coastal 12 unit mixed-use project in north San Diego County. 74% loan-to-value, $100k minimum, funding in 3 weeks. Project is 98% complete. Please send a message and I’ll send you a full summary.

Looking for partner with a track record of $50M+ in commercial RE experience as a principle to join our development team. You get equity/compensation for letting us leverage your track record with our lender. To get more details please text or call: 760.271.7128.

Principles only, no brokers please.

Looking for a debt/capital partner to come in on our Air Bnb deal in Oceanside, CA. This is new construction, built for Air BnB; will be finished in 30 days. 

We have guaranteed master leases ready to go, cash flow w/preferred return now & lots of upside on this deal in a few years. 

If you're interested in learning more message or text me (760.271.7128) and I'll send you the info, thx...Jim

Hi Ian, thank you very much for the info, I really appreciate it!

Apartment Investors:

We have a nearly completed condo apartment development in Oceanside California and are looking to use crowdfunding to find some equity investors. 

Our project is a 10-unit, mixed-use project that was built green, has an approved condo map on it and will be completed by 2/15/19. It's a luxury development two blocks from the beach that we will either sell as condos or keep as apartments.

After seeing the recent rise in rents we're now seriously thinking of keeping it instead of selling. Since we're almost done with construction this would be pretty easy for us to do.

With that in mind, my questions:

1. What crowdfunding platforms have you used successfully?

2. Are there any apartment lenders you recommend we contact?

Thanks in advance for any/all advice...jim

Hi all, we need a mez/bridge ($100k-$400k) loan for a construction project here in San Diego. Loan would be in second position to our construction loan. Current loan is approx. $6.2M, finished value is $9.5M. 

Project is a mixed-use development in coastal Oceanside.  We're 80% and need funds to finish the project.   Need the loan for approx. 3-6 months max.

If interested please text me at: 760-271-7128.

We’re looking for an equity investor to provide short-term capital for our beach condo project in San Diego County (Oceanside). We currently need $200k to finish the project.

Details:

1. Project is a ‘green’ luxury 10 condo development with 2 commercial units in the heart of Oceanside, two blocks to the beach.

2. Construction is 80% done with a projected completion date of late July/early August.

3. We have 2 of the 10 units pre-sold.

4. Projected ROI is 15% within 6 months.

5. Check out314BeachLofts.com for more info on the project.

We can offer you a few different options:

1. Preferred equity (preferred rate of return + pro-rate profit share)

2. Debt (behind $6.2M construction loan)

Contact me if you’d like more info. Text or call is best: 760-271-7128, thx