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Franco Irakoze's profile image
Franco Irakoze's profile image
Franco Irakoze
  • Investor
  • from Knoxville tn
  • Member since Feb 11, 2024

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Franco Irakoze's profile image
Franco Irakoze's profile image
Franco Irakoze
  • Investor
  • from Knoxville tn
  • Member since Feb 11, 2024
Franco Irakoze
  • Investor
  • Knoxville tn
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Private Lending & Conventional Mortgage Advice

Private money for new construction and land acquisitions

Franco Irakoze
  • Investor
  • Knoxville tn
Posted

I'm currently involved in new construction development. I have done 15 deals in the past year and half, and I currently have 20 new townhomes waiting for build permits. I have been reinvesting my capital back into my business and acquiring more land.My next goal is to expand into multifamily development and secure additional land. However, it’s been challenging when it comes to financing. Many hard money lenders are hesitant to provide loans solely for land acquisition, and conventional loans have been somewhat limiting, especially for land deals.What is best strategies for raising private funds.

Knoxville, Tennessee
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Chris Seveney's profile image
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Chris Seveney
  • #5 All Forums Contributor
  • Investor
  • from VA
  • Member since May 23, 2015

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Chris Seveney's profile image
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Chris Seveney
  • #5 All Forums Contributor
  • Investor
  • from VA
  • Member since May 23, 2015
Chris Seveney
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  • VA
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Chris Seveney
  • Investor
  • VA
ModeratorReplied

@Franco Irakoze

Bring on an equity partner is your best bet

You will give up more of the earnings but it will be easier to get the funds.

  • Chris Seveney
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