Hello,
I have recently started my journey into land acquisition and entitlements, and I'm having some issues with the financing side of things. Originally, I was hoping to have the property owner hold the property while I take the agricultural property through the feasibility study and rezoning to have paper lots approved by the city I choose to annex the property into.
However, I am dealing with a lot of 1031 exchanges and investors buying raw acreage quickly here in Colorado. This is where I am having my major issue. My ideal situation is to find a finance partner to help fund these deals for approximately 12-16 months, and we will exit the deal after selling to a significant multifamily, home builder, or developer for them to build on the approved land.
The great news is I have the time, knowledge, resources, and critical thinking skills to bring these projects to fruition. Unfortunately, I don't have the working capital to procure the land and finance the entitlements process. Can anyone point me in the right direction or help me find a solution to my funding problem? I appreciate all input, as I have a deal in the works ready to start at any time.
Thanks,
