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  1. #1
    Senior Member Reputation points: 117
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    Direct Construction Lenders for $50 - $100M

    Please list direct lenders and investors which may be interested in this project. Thank you.

    Summary:

    Ground up construction on a residential condo building (200-300 units)

    Developer already owns the 20 Acre waterfront property.

    There is an operating marina, restaurant, and event space currently on the land.

    State: Florida

    There are plans and appraisals with specific numbers. Total costs are between $50-$100M.

  2. #2
    Senior Member Reputation points: 1577
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    I have private money lenders for this. Do you have more information about this?
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  3. #3
    Senior Member Reputation points: 66108 Olderguy's Avatar
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    Is Robert McFarland Sponsor on this?

    If so, everyone in the world has seen this file and he has no capital contribution as to why it can't be funded.

    (Another broker called me two days ago about this file).
    Last edited by Olderguy; 11-10-2023 at 09:07 PM.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  4. #4
    Senior Member Reputation points: 117
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    Quote Originally Posted by Olderguy View Post
    Is Robert McFarland Sponsor on this?

    If so, everyone in the world has seen this file and he has no capital contribution as to why it can't be funded.

    (Another broker called me two days ago about this file).
    No, i'm not sure who Robert McFarland is.

  5. #5
    Senior Member Reputation points: 66108 Olderguy's Avatar
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    Quote Originally Posted by Red View Post
    No, i'm not sure who Robert McFarland is.
    The specs on it are exactly what he reached out to me on and it was just too similar.

    Reach out - I have a couple of direct lenders who can do this.

    Just to give you an idea on construction loans:

    Need the attached intake form:

    https://drive.google.com/file/d/1ESe...ew?usp=sharing

    And you need:

    Executive Summary
    Resume of sponsor
    Business plan

    Do they have permits, entitlements, final plan/map and is it shovel ready?
    Last edited by Olderguy; 11-17-2023 at 02:31 PM.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  6. #6
    send me a package I do hotel casinos. edwardsg@ptd.net

  7. #7
    I do hotel casino's send package to peter email edwardsg@ptd.net

  8. #8
    If any part of this deal includes equipment that needs financing, send me a package naisha@hilfinancial.com

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