Need a Funder or Vendor? START HERE

Results 1 to 2 of 2
  1. #1
    Senior Member Reputation points: 216519
    Join Date
    Feb 2017
    Posts
    3,334

    Mexico RE deal

    So I've had a few people look at this so far, but it's a fat one and a bit funny, so here's the basic deal.

    A new lender is needed for a large $50mm project in Mexico. 2500 SFH are being built for teachers and employees of the Mexican government. The builder himself has done 27,000 of these over the years, but his main lender left Mexico due to COVID and he needs to deliver on starting the homes ASAP. He is over-collateralized, and is looking for a loan with a draw schedule over 3 years for a total borrowing basis of $50mm. I have a full package, and am in direct contact with the client. Definitely not a startup, full package available. Send me an email if you have ideas!

  2. #2
    Senior Member Reputation points: 337045
    Join Date
    Mar 2015
    Location
    Rock Ridge
    Posts
    3,453

    Quote Originally Posted by abfunders View Post
    So I've had a few people look at this so far, but it's a fat one and a bit funny, so here's the basic deal.

    A new lender is needed for a large $50mm project in Mexico. 2500 SFH are being built for teachers and employees of the Mexican government. The builder himself has done 27,000 of these over the years, but his main lender left Mexico due to COVID and he needs to deliver on starting the homes ASAP. He is over-collateralized, and is looking for a loan with a draw schedule over 3 years for a total borrowing basis of $50mm. I have a full package, and am in direct contact with the client. Definitely not a startup, full package available. Send me an email if you have ideas!
    Micah,

    It is almost impossible for US lenders to perfect any liens on any properties/assets in Mexico. You would be better served finding a lender in Mexico. Banamex is a division of Citi Bank in Mexico. You may want to reach out to them to see if they have any ideas.
    Hedley Lamarr......That's Hedley

Similar Threads

  1. Who funds in Mexico?
    By Cash in forum Deal Bin
    Replies: 1
    Last Post: 03-29-2019, 11:36 AM
  2. Mexico...
    By Christian in forum Merchant Cash Advance
    Replies: 4
    Last Post: 09-25-2017, 02:36 PM
  3. Anyone fund Mexico?
    By cjbreaux33 in forum Merchant Cash Advance
    Replies: 1
    Last Post: 09-06-2015, 08:08 PM
  4. Mexico
    By michaelh in forum Merchant Cash Advance
    Replies: 3
    Last Post: 05-21-2015, 03:55 PM
  5. Merchant in Mexico
    By ygs in forum Deal Bin
    Replies: 6
    Last Post: 10-20-2014, 10:32 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

SubcontractorHub, Lendica partner
BoA launches business loan marketplace
Quickbooks adds new LOC product


DIRECTORY