[skideeppow]

I have a merchant who just bought a piece of property and is looking to develop it.

Here is what i have:

Property purchased for $620k, he put down $165k. Chase is holding the note. There is one structure on it, but he is looking to put up a commercial space, rent out units and occupy one of the units for his hair salon.

They are looking for $1.5mill to complete the construction

He owns one single family home, valued at $195k, and he owes $100k on it.

Just wondering if there is some other kind of financing facility i can utilize to get something done here.

[brokerCompany]

Local banks contact them like crazy. Talk to new branches that open up and see if they are lending money. I say this because I did the same thing, bought land and starting to develop it. Local bank gave me a LOC easier than an MCA.

[mcaguru]

many JV companies that look to partner on these deals.

[skideeppow]

many JV companies that look to partner on these deals.

JV?