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261
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Logan Singleton
Lender
  • Lender
  • Boston, MA
69
Votes |
261
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Direct Lenders Only: $5.2M Assisted Living Center O/O Financing

Logan Singleton
Lender
  • Lender
  • Boston, MA
Posted Feb 9 2024, 07:26

Hello, BP community. I have a client seeking a $5.2M construction loan to construct an assisted living center in FL. They already have plans and permits. If you can help, email me or send a PM. 

Address: ****, Cape Coral, FL 33914
Asset Class: Assisted Living
# of Units: 42
Loan Type: New Construction
Loan Term: 12months + Extensions

# of Lots: 3
Amount Requested: 5.2M
As-Is Value: 1.5M
Existing Debt: $0.00
ARV: 8.2M
Project Summary: Construct a single structure spanning three lots that will be used as an assisted living center
Exit Strategy: Refinance into Perm Loan

User Stats

10
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2
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Replied Mar 22 2024, 23:28

Hey Logan I can fund the construction Loan , send your client to [email protected], I will be able to get the loan started 

User Stats

193
Posts
48
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Jamie Parker
  • Real Estate Investor
  • Memphis, TN
48
Votes |
193
Posts
Jamie Parker
  • Real Estate Investor
  • Memphis, TN
Replied Mar 23 2024, 09:06
Quote from @Logan Singleton:

Hello, BP community. I have a client seeking a $5.2M construction loan to construct an assisted living center in FL. They already have plans and permits. If you can help, email me or send a PM. 

Address: ****, Cape Coral, FL 33914
Asset Class: Assisted Living
# of Units: 42
Loan Type: New Construction
Loan Term: 12months + Extensions

# of Lots: 3
Amount Requested: 5.2M
As-Is Value: 1.5M
Existing Debt: $0.00
ARV: 8.2M
Project Summary: Construct a single structure spanning three lots that will be used as an assisted living center
Exit Strategy: Refinance into Perm Loan


 Hey Logan, I can refer you to a lender (bigger pockets featured lender) , send a Pm and I can get that information to you. 

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User Stats

193
Posts
48
Votes
Jamie Parker
  • Real Estate Investor
  • Memphis, TN
48
Votes |
193
Posts
Jamie Parker
  • Real Estate Investor
  • Memphis, TN
Replied Mar 23 2024, 09:08
Quote from @Milton WeathersII:

Hey Logan I can fund the construction Loan , send your client to [email protected], I will be able to get the loan started 


 Hello Milton, Could i get some info about you construction loans as well? 

User Stats

1,404
Posts
161
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Simmy Ahluwalia
Pro Member
  • Lender
  • Atlanta, GA
161
Votes |
1,404
Posts
Simmy Ahluwalia
Pro Member
  • Lender
  • Atlanta, GA
Replied Mar 23 2024, 10:30

On the surface, this is a pretty easy loan to execute.  If you decide you are open to co-brokering, then reach out.

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10
Posts
2
Votes
Replied Mar 23 2024, 19:01
Quote from @Jamie Parker:
Quote from @Milton WeathersII:

Hey Logan I can fund the construction Loan , send your client to [email protected], I will be able to get the loan started 


 Hello Milton, Could i get some info about you construction loans as well? 


 Yes sure what is your email address so I can send some info to you 

User Stats

193
Posts
48
Votes
Jamie Parker
  • Real Estate Investor
  • Memphis, TN
48
Votes |
193
Posts
Jamie Parker
  • Real Estate Investor
  • Memphis, TN
Replied Mar 23 2024, 21:01
Quote from @Milton WeathersII:
Quote from @Jamie Parker:
Quote from @Milton WeathersII:

Hey Logan I can fund the construction Loan , send your client to [email protected], I will be able to get the loan started 


 Hello Milton, Could i get some info about you construction loans as well? 


 Yes sure what is your email address so I can send some info to you 


[email protected]

User Stats

10
Posts
2
Votes
Replied Mar 25 2024, 12:00

Ok I just sent you a email and let me know if you want to get started so I can 

send the application

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97
Posts
31
Votes
Amber Stout
  • Lender
  • Tampa/Saint Petersburg, FL
31
Votes |
97
Posts
Amber Stout
  • Lender
  • Tampa/Saint Petersburg, FL
Replied Mar 26 2024, 10:14

Hi Logan, I know a portfolio lender that may be able to help with this. It sounds right up her ally! Send me a message and I'll share her contact info with you. 

User Stats

30
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0
Votes
Replied Apr 4 2024, 01:21
Quote from @Logan Singleton:

Hello, BP community. I have a client seeking a $5.2M construction loan to construct an assisted living center in FL. They already have plans and permits. If you can help, email me or send a PM. 

Address: ****, Cape Coral, FL 33914
Asset Class: Assisted Living
# of Units: 42
Loan Type: New Construction
Loan Term: 12months + Extensions

# of Lots: 3
Amount Requested: 5.2M
As-Is Value: 1.5M
Existing Debt: $0.00
ARV: 8.2M
Project Summary: Construct a single structure spanning three lots that will be used as an assisted living center
Exit Strategy: Refinance into Perm Loan

Good deal. Did you get funding for this project yet? Do you have other projects you need funding for?