All Forum Posts by: Kerry Jones

Went very well. Borrower out of pocket was about $450k, but most of that was deferred until a concrete commitment. Best thing is the borrower got most of funds back at closing. They were happy as ever for the outcome. Well going to work on a new one so good luck out there!

Client needed financing for a resort & development acquisition and apparently got shopped around to people that had no idea where to place it. So I came in with a proposal of bond financing. Rate was at bit high but they have the option of refinancing in 2 years. Dispersal broken into 3 tranches as the development completes. Built in an interest reserve for the first year as well. Clients were skeptical at first as I told them that this is not for every project. They saw the advantages in what we put out and went forward full steam. Can do this for high dollar projects, anything below $25million it would not be worth the effort
Anyways going to enjoy the payday for a moment and then on to the 3 deals!

Good luck

Took time but we came to an agreement and closed a $170million acquisition & development transaction in Panama. Had a few obstacles but resources pulled together and made it happen. Looking forward to the next deal.

Do you buy these by the auction schedule at the court house

Is there a market in SIMO closings? I run into a lot that are in need of this

Also how would this work for lets say a pool of notes. How would you come to making a fee

Given the current market value. What could I honestly offer for a large luxury 7,000 sqft home on 6 acres. This is in an exclusive subdivision, but most of them are on the market

Would a REO realtor carry all the info on bulk REO's let say them having it in a spreadsheet already

Kind of new here