Client has option and has begun the project with their LLC money.
Current value is 10.1 million needs 1st draw of $500,000 to complete first phase of franchise.
One project is in French Quarters need private monies or Hard money lender.
Client is looking for rate of 10% can not have crazy upfront fees, is willing to consider short term venture.
Also has another project that is owned by partners wants to buy the other one out and is looking for $350,000 with a "as is" value of 1 million all entiltlements and permits are in place this project is ready to build with plans approved.
Full Version: Hard Money or Private Money needed
QUOTE(lattae @ Sep 20 2006, 03:01 PM) 
Client has option and has begun the project with their LLC money.
Current value is 10.1 million needs 1st draw of $500,000 to complete first phase of franchise.
One project is in French Quarters need private monies or Hard money lender.
Client is looking for rate of 10% can not have crazy upfront fees, is willing to consider short term venture.
Also has another project that is owned by partners wants to buy the other one out and is looking for $350,000 with a "as is" value of 1 million all entiltlements and permits are in place this project is ready to build with plans approved.
I may be able to assist you with this. If I had more information I could lead you in the right direction.
Call me @856-366-8903 or e-mail me with the details
Gail, Give me a call. We have a source for 100% financing on franchises including land takewown, construction, FF&E, and soft costs. Maybe able to point you in that direction.
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