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01-17-2019, 11:27 AM #1
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Out of the Box Deal
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.I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
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01-17-2019, 12:46 PM #2
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.
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01-17-2019, 12:54 PM #3
Reputation points: 54989
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- Dec 2013
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many JV companies that look to partner on these deals.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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01-21-2019, 12:28 PM #4
Reputation points: 47257
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- Apr 2013
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- Basalt CO
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- 867
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