New construction Business plan for financing

[Russell Cooley]

I am a platinum card member with America express and I spoke with them about backing me financially to build 3 new houses in a booming northern Colorado town which I figured out take $250,000 each. They want me to submit a detailed business plan, this is not my area of expertise. Can anyone lend a hand with the business plan, or builders in the area any insight or assistance will be greatly appreciated.

[Emilio Ramirez]

What happens after 90 days? Not many people can get through a flip in 90 days let alone new construction. New construction in Denver is currently 10 months if there are no significant delays and with the labor shortage it's easy to get to 12 months on a new build.

6%/month is 7.2% per year. Local banks that lend on new construction are 5.25% or better with 20-25% down.