20M to fund horizontal utilities on 237ac entitled plot

[Garry Miller]

Hello BP!

My team is looking to obtain 20M in financing for a 237 unit development in Texas that has approved plans with entitled lots and is ready to go Horizontal with infrastructure. We have about 3M of liquidity to bring to the deal and are looking for finance solutions that will allow us to break ground. We have financing in place that kicks in once we have utilities in the ground and will allow us to build the 3 phases of 2400sqft SFH's. All plans are in drop box. Investment to be made through an LLC with 700 credit score guarantor.

Advice or referrals from the network very much appreciated!

Thanks,

GM | [email protected] 

[Magnus Wikström]

Hi @Garry Miller,

You can't bring another million? I think that will help. Few that do that type of leverage on that size of deal.

Is it refinanced once infrastructure is in place?