Fort Worth Property - Seeking Commercial Lender

[David McCarthy]

My name is Dave and I am a new BiggerPockets Pro member. I am consulting for an investment group that has tasked me with finding a lender for their commercial land development project. The sponsor is seeking a 1-year loan of $4.8M to re-finance their 87-acre property, giving them and their co-developer the time to implement a development plan with $4.7m in property improvements. Due to the lack of current cash flow, the deal is non-conforming for the commercial banks I have contacted; even though the sponsor has an experienced co-developer and the property has an LTV under 50%.

Do you have any suggestion as to a potential lender for a $4.8M loan with significant collateral and a 12-month plan for repayment?

Thanks in advance,

David McCarthy