Looking for a silent partner to help with out of pocket costs
Hello, my name is Robert, This may have been answered, but I had no luck finding anything. I have private/hard money lenders I am considering using. I have been a GC/ contractor for over 30 years in central NJ so I have everything I need as far as the sweat equity portion of the deal. What I am lacking is the initial 20% ish, maybe less, I need to satisfy the lenders' upfront costs IE: down payment, points, and doc fees. etc. I am willing to work out a very fair split of the profits at the sale. If anyone out there does this kind of 100% lending for the whole project that might even work better, but I am not sure that exists.
Thanks in advance, hope you guys can help