We have a ground up project permitted and ready to go. We've built 2 identical homes in the same neighbourhood, and our plan is to keep starting batches of projects of quarter/trimester or so. I want to see if there are private individuals here lending, as I find the leverage often better than normal hard money company lenders, and that's basically what we care about (within reasonable costs). It's not because we don't have the funds, as our liquid availability is our strength, but for anyone with an investment background, the numbers on equity and IRR are the key metrics.
Reach out if of interest. We've got 3 more in the permitting stage. SWFL.
Land: $19.500 Construction: $192.258 Sale value: $310.000
We have a ground up project permitted and ready to go. We've built 2 identical homes in the same neighbourhood, and our plan is to keep starting batches of projects of quarter/trimester or so. I want to see if there are private individuals here lending, as I find the leverage often better than normal hard money company lenders, and that's basically what we care about (within reasonable costs). It's not because we don't have the funds, as our liquid availability is our strength, but for anyone with an investment background, the numbers on equity and IRR are the key metrics.
Reach out if of interest. We've got 3 more in the permitting stage. SWFL.
Land: $19.500 Construction: $192.258 Sale value: $310.000
We're foreigners for the record.
Thank you
I'm happy to connect and take a look at your options.
We have a ground up project permitted and ready to go. We've built 2 identical homes in the same neighbourhood, and our plan is to keep starting batches of projects of quarter/trimester or so. I want to see if there are private individuals here lending, as I find the leverage often better than normal hard money company lenders, and that's basically what we care about (within reasonable costs). It's not because we don't have the funds, as our liquid availability is our strength, but for anyone with an investment background, the numbers on equity and IRR are the key metrics.
Reach out if of interest. We've got 3 more in the permitting stage. SWFL.
Land: $19.500 Construction: $192.258 Sale value: $310.000
We're foreigners for the record.
Thank you
I'm happy to connect and take a look at your options.
Lender · Sacramento, CA · Member since 2009 · 1k+ posts · 277 votes
1y
@Magnus Wikström..what leverage are you trying to obtain? Full disclosure, I'm a mortgage broker, out of CA, and have years of experience placing private money construction loans for different clients. Mainly luxury spec builds here in CA. I would tend to agree with you about your points about private investors vs. "hard/private" money companies, but I'd be interested to understand what you're looking for from a leverage perspective. You might be surprised by what's out there. I'd also be interested to hear more details about the projects you're doing, if your open. Feel free to send me a PM/message as well. Thanks,