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09-06-2017, 07:13 PM #1
- Join Date
- May 2017
- Location
- Oregon
- Posts
- 60
Seeking direct lender for hotel resort development project in Costa Rica 33,000,000
Seeking direct lender for hotel resort development project in Costa Rica 33,000,000 needed complete package available upon signing non disclosure non circumvention agreement Please confirm that you have done projects like this in Costa Rica and that no front fees will be requested before closing. Looking for serious debt and possible equity player for this high quality international project. Please email milford@commercialmortgagecap.com if this project is of interest
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09-06-2017, 09:13 PM #2
Well, first off your on the wrong forum asking for this type of funding,
2) "no front fees will be requested before closing." as a lender we have such things as Due diligence, BPO and or Appraisals,in some cases we visit the property, Legal costs, Credit report and background checks etc... so typically i would ask for a .5-1% commitment fee to be placed in escrow to show that the borrower is serious before we start working on such transaction - your asking for $33MM not $300K - there will be fees.Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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