We are an internally funded first mortgage real estate lender providing interim funding for the acquisition and development of commercial, residential, and entitled land projects in multiple states.Seth [email protected]

Purchase price: $10,500 Cash invested: $113,000 New construction project.

Depending on how you set them up, they may not be able to force a sale, but they might get a charging order against any distributions, which basically tanks your mom's retirement plan.Two other ideas for you:1) See if the DSCR loans would be enough to get her out of debt.  

I'd be looking to raise about 2 million and would finish the project within 2 years, then i would rent the apartments.

Hello @Peyton LaBarbera,Yes so I'm assuming this is for a projected NOI in the future (guessing by the average 5% vacancy fee)? 

This will be a 4 year project for us, then we'll cash out refi and repeat. 

We made great GCs that helped us finish our project.

Basically a regular rental?

Basically, what else are you evaluating to determine if you should lend to an investor?

Involving counsel in the project early will lead to better offering documents.