All Forum Posts by: Jesse Holsapple

20% is more than the 15% you probably have available I'd assume? You'd need a JV partner and they would probably want to take control of that project.

Your best bet at that size is not going to be mezz, most of them cut checks at 2mil minimum. 
Is seller carry and either an indivual private lender or to go raise a little capital!

Goodluck

So you're getting quoted currently in the 7's for personally guaranteed loans, but want non recourse options below 7? 

Just saw 6.5% 30 year fixed 1-4 unit rental loan.

Message me

Reach out to me, happy to explore this today.

1-4 units the floor rate I have recently is 6.5% for 30 year fixed residential. 
good credit, ratios, etc factor in but par is landing around 7.25%-7.5% without buying it down.

What are the terms you've been receiving and why didn't they work? 
What are you looking differently than what you've been offered? That might be a great place to start to see if anyone can do a little bit better for you.

I agree with the person who agreed with the agreeable Jay. 
I want to know the comps, the liquidity checks out, the experience is there, there aren't any lates on mortgages as of recently and the project makes sense. 
Private equity and Vc would be more of a pitch if I'm not mistaken, but it would then boil down to the same information we'd want to see, the hard details.

This is within my wheelhouse as construction loans are what I tend to focus on the most. 
Let's connect, I'd love to learn more about this project and determine if we have any programs that will fit on this or any other projects.

Cash out refinances of existing properties might be a great option depending on how those parameters look within your portfolio.