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Q. Where would I send a loan to complete a luxury RV Resort near Disney World. He needs 1.7 million to pay off .7 million in debt and 1 million to complete infrastructure. Has owned the land and several buildings on the land since 2007
Q. My borrower is purchasing an owner occupied commercial building, leasing one now, for where work is completed and also corporate home and sales office will be. Purchase price 1 million with 25% down. Outstanding credit over 720, debt ratio over 1:30, money in the bank. Business is JPS Designs a construction display company where the client will select a building, say in a shopping center, and JPS designs works with just the bare inside building and remodel's it from shelves to advertising. Empty start up building to completion. Example Such as a Nike store. Borrower has been in business for over 12 years. Please advise best lender(s) for my client.
Do we have any good sources for private equity for large, ground up construction apartment deals? Location is Houston, TX. Total project costs is approx. 45.6MM. Developer looking for equity contribution in the 10MM to 12MM range based on loan at 75% LTC. Thank you.
Q. I have a client looking for a LOC or loan for $5,000,000 in New York.
3 Years in Business
Willing to PG the financing
Own multiple properties which might be used as collateral
-- Is this possible?
-- What information do I need?
I assume a LPS / PFS / Authorization at a minimum.
Q. I have a Canadian based group that is a medical service/supply company looking to get a loan to buy out a partner. This would be a business only loan. I checked with Promed and they will not consider it because it is based in Canada. Do you know of any options for this? It would be about a $7M deal. Their gross sales are about $18M per year. Thanks!
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