I provide funding for real estate developments regardless of size or class. I need more real estate projects for my investors to fund. My investors have been lending for over 40 years and are well known throughout the banking industry.
I fund projects over $100 million. Loans from $1 million to $10 million are available but I prefer projects over $500 million. I have over 3 trillion dollars available.
I prefer a loan to value maximum of 65% OR LOWER of the projects CURRENT value. Collateral is a main determination of funding approval. We accept cross collateralization and presales as collateral. We also accept bank guarantees and will loan 100% with a bank guarantee from an AA rated bank or better. Usually we can fund in 15 to 20 days against a bank guarantee.
The evaluation of your project will begin with the fully detailed completion of the intake form, and your submitted executive summary showing the project to be self-sufficient within 1 to 5 years. (see attachment).
If more documentation is required I will let you know. Funding is put into escrow usually within 45 to 60 days or faster if all documentation is submitted.
1 to 5 year terms are available, longer terms may be available upon special request. Please determine in your business plan how the project only needs a specific amount to get to the point where the project is self-sufficient.
The investors I work with want to loan their MONEY. They do NOT want to have above 50% equity in a project or have to take over a project. As a developer you will need to sign a fee agreement and a non-disclosure non-compete. If you want to offer equity in the project they may consider it. Make an offer.
This money is from private individuals and/or corporations.
I usually charge 1 point at funding or 5% equity in the project.
Toby Jensen, President
PURE CONSULTING
tobyjensen@gmail.com
Kaysville, UT 84037
(801) 484-3484 fax (801) 484-3484
more devleopers needed
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