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Mark Allen
  • Real Estate Investor/Broker
  • Irving, TX
263
Votes |
520
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Working Around 9-month Lead Time on $MONEY$ Using OPM

Mark Allen
  • Real Estate Investor/Broker
  • Irving, TX
Posted

Background:  I've connected with EB-5 Investors that will fund 100% of my deal @ 6% interest (pending deck I present and approval)... The catch is that there's a 9-month lead time due to I-526 review & processing. 

Challenge:  How do I work around a 9-month lead time on multi-million dollar projects using OPM?

Example:  Let's say I plan to develop a track of land horizontally and vertically.  Could I secure bridge financing and/or a construction loan? Could I structure seller-financing? How do I close on the land and move forward with construction during this 9-month period?

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213
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60
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Derrick Aragon
  • Investor
  • Portland, OR
60
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213
Posts
Derrick Aragon
  • Investor
  • Portland, OR
Replied

@Mark Allen get an LOI done and do a contract sale that last 12 months while you are waiting for the funds and doing building permits and all that or owner financing is an option.

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