I am just now finishing a 107 unit storage condominium project in California. Our grand opening is set for March 14th. I am seeking lenders to provide end loans to my clients buying in our project. We have about 3 million in escrow from pre construction sales, with some
clients seeking take out loans with at LTV of about 75%. Terms are open, but five year terms with 30 year amortizations or interest only options desirable.
Sales prices for these units range from 57K up to 187K with the average being about 80K.
( I posted this in the Hard Money forum, but felt it would be better to post in this forum)