Developer needs Funds
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  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    CALIFORNIA
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    Developer needs Funds

    Who can consider a developer? He has two bank accounts. Gets paid via the bank draws as he finishes phases of a project and another property has rents.
    Need funder who can look at 2 accounts and UW he can understand how he gets paid.
    ARound 90k monthly with EB of 10k. First position.

  2. #2
    Banned Reputation points: 179851
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    Jun 2017
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    I funded a deal JUST like this. I cant remember with who though, I think maybe InAdvance

    Im 98% Sure it was InAdvance.

    People paid him to build Homes, and he got paid as each phase was done (there was milestones)

    He had like 6 Houses going on at once, never owned the property.

  3. #3
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by brokerCompany View Post
    Who can consider a developer? He has two bank accounts. Gets paid via the bank draws as he finishes phases of a project and another property has rents.
    Need funder who can look at 2 accounts and UW he can understand how he gets paid.
    ARound 90k monthly with EB of 10k. First position.
    Rapid, BFS, National, Kapitus, any of these guys would be able to do something like this if the banks are clean and you can show contracts for when the payments will be coming in the development projects
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  4. #4
    Senior Member Reputation points: 54977
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    Mantis may be an option ?
    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

  5. #5
    Senior Member Reputation points: 14746
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