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  1. #1
    Member Reputation points: 10
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    Oct 2020
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    Kansas City, MO
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    11 Unit Apt/Townhouse New Construction Lender

    I have a deal in RI. The client already owns the land. Has all the needed permits. He is looking to build 11 units in total which consist of Townhomes and Apartments. As complete value would be $4.7M. He is needing $2.7-$3M to build it. He has 750+ Fico and almost $1M in cash reserves.
    Do you have any non-bank Direct Lenders that I can reach out to?

    Thank you,
    Alex Trigg
    Director of Commercial Lending

    Strategic Capital
    816.287.3808
    atrigg@capitalwithstrategy.com
    www.capitalwithstrategy.com

  2. #2
    Senior Member Reputation points: 39157
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    Oct 2014
    Location
    Naples, FL
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    471

    Quote Originally Posted by Alex Trigg View Post
    I have a deal in RI. The client already owns the land. Has all the needed permits. He is looking to build 11 units in total which consist of Townhomes and Apartments. As complete value would be $4.7M. He is needing $2.7-$3M to build it. He has 750+ Fico and almost $1M in cash reserves.
    Do you have any non-bank Direct Lenders that I can reach out to?

    Thank you,
    What's his experience in building? Is this his first attempt at this? Does he have a GC already on board if he has no experience? I know a few lenders who fill this need but will need more details.

  3. #3
    Member Reputation points: 10
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    Oct 2020
    Location
    Kansas City, MO
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    6

    He has a lot of experience with smaller SFR and 1-4 units. This will be his first over 4 unit build. I do believe that he does had a GC in place. He has already paid out of pocket around $385K in the renderings, permits and raw land improvements.
    Alex Trigg
    Director of Commercial Lending

    Strategic Capital
    816.287.3808
    atrigg@capitalwithstrategy.com
    www.capitalwithstrategy.com

  4. #4
    I sent you a PM. Hope that helps.

  5. #5
    If you did not get the funding required contact me;

    Michael Cooper

    michael@2getfunded.com

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