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Capital for new venture - LoanUniverse Community

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Capital for new venture


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#1 Guest_Norm Haining_*

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Posted 21 October 2004 - 10:39 AM

Where is the best sources for equity , venture capital sources to help start and fund a major project secured by real estate and buildings in the $15,000,000.00 range with a 10 year payback at 7.5 Percent interest Norm at usmecho@centurytel.net

#2 loanuniverse

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Posted 21 October 2004 - 12:20 PM

Norm:

Good luck on getting this funded, but I don't understand how equity is going to get paid an interest rate. Are you looking for lenders or for partners to invest equity?

Also, I am worried about people throwing these big numbers out there without additional information...... The first thing that comes to mind is that you are interested in doing a $15 million dollar project, but you have to come to this little website to get tips?

#3 Commercial Lender

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Posted 23 October 2004 - 10:00 PM

You would need to define "a major project" first to get an answer. Do you have a startup company? A residential subdivision? Retail project? etc I suspect that you are involved in brokering and seek a lender. If so you would need to be very specfic for almost all commercial lenders specialize in something and are not one stop shops. If you are looking for VCs...a while ago i had posted a list of venture campital links...just do a quick search and you will find that post. Best of luck.





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