[SimonFunds2025]

the owner is looking for a $1,000,000 loan for a 2nd mortgage on the property in Frederick CO 80504. Hoping for 8% or better.


The loan will be contributing to building a $4.5M value solar farm, a $500K value ADU for rental income, and secured by the $2M value SFR already on the property and rented out. Total after improvement value of $7M, and a debt of $900K existing mortgage-NOT refinancing that as it is lower than 3%, and the $1M 2nd mortgage.

The solar farm is also being supported by grants, selling the tax credits and efficient construction.

After improvement revenue:
$20,000 Net from the solar farm
$4,000 Rent from the ADU
$5,2000 Rent from primary dwelling
$29,000 Gross Monthly Revenue
-$4,500 1st Mortgage
-$7,300 2nd Mortgage
$17,200 Net Monthly Revenue


Please let me know if you have a program for this, and what documents you need, thanks.

anthony 646 202 0095
anthony@simonsaysfunding.com

[Olderguy]

So you have a $900K first at 3% and looking for $1M 2nd at 8%..That's not the way these types of deals typically work.

You need a construction loan and right now you are at 50% LTV on the horizontal it appears.

So put together a executive summary, resume of sponsors, business plan, use of funds and projections, ROI and exit strategy.

And plan to have 10% - 20% capital contribution.

Is it graded, permitted, entitlements, final map, shovel ready, etc.

Soft costs to shovel ready can be put in the construction loan.

Reach out if you want help with this....send me a package