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  1. #1
    Senior Member Reputation points: 27404
    Join Date
    Dec 2015
    Location
    Texas
    Posts
    552

    Seeking completed construction funds 1m

    I have a multi condo building and parking lot, needing funding to complete building. Specs from borrow. (Summary available for capable)

    We have structured the capital stack with debt and equity. As you will see on thesummary, this is an outstanding location and we only need a loan forabout 1m. The challenge is that we need a non-recourse loan as we are converting the existing trust to aa single purpose LLC and the investors will not provide a personal guarantee. I would think that in most cases that shouldn’t be a problem given that our LTV is about 42%. We will use the debt after the equity cash is spent so the loan will not kick in until we are down the road on the construction.

    Thank you for yalls input
    DFW Texas based project.


    Steven jones
    2102904102
    www.davincinc.com
    Support@davincinc.com
    Mobile email davincinc@outlook.com
    Last edited by Davincinc; 08-30-2017 at 03:26 PM.
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

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