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11-27-2015, 09:55 PM #1
- Join Date
- May 2015
- Location
- Long Island
- Posts
- 247
Hard Money Deal - Puerto Rico
What's up all, how's everyone doing? Happy belated Turkey Day. This one is outside my expertise, so I'm seeking a lender or partner on it.
Need a hard money lender that will lend in Puerto Rico. The property is currently closed, 52 room hotel on 20 acres.
$600K -$700K purchase price.
An additional $1.1M needed for renovations.
Projected revenue $3M. 30% margins
I would be open to co-broker this one if you have completed a similar transaction in PR and can prove it.
The buyer is an active client of mine in the MCA world. Not a "lead". Therefore, I know we are dealing with a serious and motivated borrower that has completed due diligence and wants to move quickly.
Let's get'r done.
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11-27-2015, 11:59 PM #2
- Join Date
- Apr 2014
- Posts
- 781
Closed..how long and why..??
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11-30-2015, 11:35 AM #3
- Join Date
- May 2015
- Location
- Long Island
- Posts
- 247
Giving this thread a Monday morning bump ;-)
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11-30-2015, 01:04 PM #4
- Join Date
- Oct 2014
- Posts
- 257
Hard Money Deal - Puerto Rico
Give me a call please 774-208-8118
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