Investor · Chicago, IL · Member since 2017 · 33 posts · 10 votes
I have a client with 200 acres in TX that I got approved for 40M including horizontal and vertical financing on 180 homes but the county wants them to pay for 180 water meters up front and the lender doesn't want to include that on the term sheet. Does anyone have any advice on raising 700K in capital for water meters? We're offering 50K at closing, 15% ROI and 1% equity in the development.
Hi Charles. I dont quite have the advice on the exact financial question your asking, but I'm a civil engineer located in San Antonio. If you or your client have any questions regarding services, development, or permitting in San Antonio or in the surrounding areas, feel free to ask and I'm happy to offer help.
I have a client with 200 acres in TX that I got approved for 40M including horizontal and vertical financing on 180 homes but the county wants them to pay for 180 water meters up front and the lender doesn't want to include that on the term sheet. Does anyone have any advice on raising 700K in capital for water meters? We're offering 50K at closing, 15% ROI and 1% equity in the development.
@Charles Becoat sounds like some negotiations might be a play with the county... If your client would like to have a strategy call to see if there is a way to structure the development COAs with the county and push the water meter costs down the road a little further I'm happy to discuss.