Investor Needed For Student Housing Project
I am looking for an investor for a student housing project ( new construction) that is 3 blocks from the university. Total investment is $450k.
[ Edited by rugrat on Date 01/30/2009 ]
pls explain more of the details like:
where
how bid
what schools
what does an investor get for the cash
total cost
state of development.
etc.
For a development project, 16% is way to thing of a return.
Way too thin? No kidding!
[addsig]
And if that is the total profit, how much of that is shared with the cash investor?
What profit is expected on this type of project?
an irr of 20+
That seems like a high rate of return in todays economy. Why is it that high?
netting that much do to the risk involved.,
Have you considered renting to them for 3 months? At least that way you have money coming in.
have you looked at borrowing or using "transactional" funding. I did a post about this, and the only response as to rate was 3% seemed reasonable?
people lend you the money to do the double close.
someone saidit would be worth 3% to them...
Given your situation what would it be work to you?
someone saidit would be worth 3% to them...
Given your situation what would it be work to you?
I would gladly give up 3% to get the deal closed. Point me towards that person!
I found some on google
closing loan
escrow loan
transactional funding.