Board Topic: Capital for new venture Major event center
Click here to view this topic in its original format
LoanUniverse Community > General Chat >

Capital for new venture

Posted by: Norm Haining Oct 21 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

Posted by: loanuniverse Oct 21 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?

Posted by: Commercial Lender Oct 23 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.
email

Comments are closed.