Poor Credit History? Cash Flow Problems? Lack of Business History? No Financials?
We approve loans no matter what your situation is.
General Overview
Traditionally, development projects have been funded almost exclusively by banks. The amount of funding is typically determined by a percentage of the actual costs of the development, usually its 50-80% of the hard costs of the project.
If a property developer wanted additional finance beyond what the banks were willing to lend on the project the developers options are as follows
Provide Additional Security
Joint Venture
Mezzanine Finance
Key Features
Basic Finance can arrange equity finance or joint venture in acceptable projects where up to 100 % of project costs are covered of land subdivisions and development costs.
Equity Finance is typically secured by a second mortgage position, or by taking a direct equity position in the project.
Joint Venture finance of up to 100% of costs project
Amounts up to $10,000,000
Fee based on profit share
