[JVD6905]

67 Million dollar construction student housing

Looking for suggestions of direct lenders (no brokers)

[LondonNyc]

Will need more information. TIB. Balance. deposits. any neg history etc..

[abfunders]

Fox, this is WAAAAAY out of your league.
JVD, this is also very likely also waaaaay out of your league, you should be begging for help and be happy when it funds and you get paid.

[fin4all]

Fox, this is WAAAAAY out of your league.
JVD, this is also very likely also waaaaay out of your league, you should be begging for help and be happy when it funds and you get paid.

savage.

[NickHubbard]

Sent you a PM

[mcaguru]

https://campusadv.com/investments/

[Kevin Henry-Seacoast]

https://campusadv.com/investments/

They are a PE fund and management company......not a lender.

[FinancialSwissArmyKnife]

Fox, this is WAAAAAY out of your league.
JVD, this is also very likely also waaaaay out of your league, you should be begging for help and be happy when it funds and you get paid.

For real. Like be happy someone CAN/WILL do it for you and split commissions

[JVD6905]

to clarify:

This is a construction of student housing (NOT an existing company looking for an MCA loan) the loan size would be approximately 67 Million

[JVD6905]

https://campusadv.com/investments/

Thanks Marcus, any chance you know a point of contact over there (as opposed to me just cold calling/emailing ) ?

[ABL America]

I just sent you a PM.

We are a direct lender. Our residential portfolio loans start at 4.75% in-house. We have an institutional partner that can close it starting at 4.25%.

How I close the loan would depend on the following (but I will close the loan):
1 - Principal's Credit
2 - Principal's Financials
3 - LTV
4 - DSCR
5 - Location
6 - Are the property's leases guaranteed by the parents or not?

We are a Real Estate lender. We are not a cash advance guy posing as someone that can get the deal done. Whether I fund it directly or broker it, we will close the deal, at a great rate, and you will be well compensated for your relationship, which we will leverage through the entire process.

[omegafund]

67 Million dollar construction student housing

Looking for suggestions of direct lenders (no brokers)

You are going to need a broker to help place this. No direct lender will speak with you on this type of deal if you dont know how to package and present deals of this nature. I have a friend that has already funded and building a 40M project apartment/ retail space. If you want assistance reach out.

Ben

[JVD6905]

You are going to need a broker to help place this. No direct lender will speak with you on this type of deal if you dont know how to package and present deals of this nature. I have a friend that has already funded and building a 40M project apartment/ retail space. If you want assistance reach out.

Ben

Thanks for your viewpoint, ironically ever direct lender I have spoke with speaks to me, and in fact my packaging skills were good enough to get a Term Sheet from Mosaic, I'm simply trying to improve upon the offer

[ryan $]

why is this thread in 3 different sections, someone really wanted an answer!

[omegafund]

Ok. Come back when its funded. Lol. Keep shopping a 60M deal.

[JVD6905]

Ok. Come back when its funded. Lol. Keep shopping a 60M deal.

I'm not sure what your issue is, I was simply looking for suggestions on other lenders, doesn't make sense to come back when its funded, again, already have a term sheet, but at 67 Million, if I can save another 100-200 basis points, why wouldn't I at least try...... sad to see all the negativity in here instead of people just being nice and trying to help each other

[creloan]

JVD...

What's the LTC?
Is sponsor contribution cash or equity or a combo?
MSA?
Land owned and all entitlements / permits ready?
Bridge 12-24 mo w extensions or more mainstream loan wanted?
Does sponsor have experience and an SREO or is this their first?
Credit rated sponsor?