Updated over 10 years ago on . Most recent reply
Looking for suggestions
I have a client/investor that is building his own apartment complex. Its 20 units and located in Colorado. He has about $750K in the deal plus a bank construction loan of about $1.6M.
He is 50% preleased and is running short on funds to complete the project. He is looking for a $200K to $250K loan/investment/anything to complete the project. The projected value on completion is in the $2.8 to $3.0M range.
Any ideas, referrals, solutions?