[Jstarr]

I see deals like this all day and throw them away, i call them " Clown Deals " - that's because somebody has this grandiose idea and they're looking for an investor to fund the entire deal - And hes asking for NOn recourse so that translates to I dont have any " Skin" in the game,

This deal isn't doable by any means - lets just point out 2 red flag's, and you new guys on here trying to pose as lenders take note.



1) of all the demand's are ridiculous, i wouldn't accept " diligence" from anyone especially when the loan amount is $8M, neither will anyone else.

2nd - Points and fees come from proceeds - this tells me the guy doesn't have any skin in the game, Or any Reserves.

This is a bad deal, the first reason is that its land ,so unless he has some other real estate to leverage, neither myself or any other " Real Estate" lender would touch it.

And this one takes the cake: we fund deals all the time without returns or weighing the risk on the Fico, but this Guy,

* No minimum credit score
* No personal financials - Your asking for $8MM, Of course i want to see your financials
* No tax returns - That tells me you didn't file or you make less that what you want me to believe.
* Non-recourse funding - Oh so you want all the risk to be on the lender since you don't have any skin in the game.

BAD DEAL ---- DEAD.