I designed a inflatable concrete home http://picodome.com and have perfect personal credit FICO over 800 and would like to build a development of 80 dorm units near a college campus. I need $700k in stages based on production to accomplish this. What is the best method to look for this type of loan. Please have a look at my concept and idea at http://picodome.com Thank you
2006-07-07 04:17:56 · 6 answers · asked by George Berz <<<<< 2 in Business & Finance ➔ Investing
Put together a business plan (include a written endorsement from the college whose students are going to live in the dorm) and start looking for an equity investor to put in about $250K. When the equity investment is arranged, go to the bankers and get a loan for the remaining $450K.
2006-07-07 05:59:59 · answer #1 · answered by NC 7 · 0⤊ 0⤋
You're going to need a commericial lender who provides jumbo loans for this time of funding. Search for commericial lenders and ask if they fund for these types of structures. The best you can do is call around. Try a company called "Commericial Direct" I used to work at LendingTree.com (mortgages, refinance, etc) and Commericial Direct was who handled our commericial loans.
2006-07-07 11:20:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
wow. looks like the monolithic dome that advertises in popular mechanics magazine for the last 35 yrs... http://www.monolithic.com/gallery/churches/upper-room/inflation/index.html
2006-07-07 15:13:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Hmmmmmm looks interesting...will study it more.
2006-07-07 11:20:34 · answer #4 · answered by sunshine25 7 · 0⤊ 0⤋
got good credit
2006-07-07 11:19:52 · answer #5 · answered by Harold T 5 · 0⤊ 0⤋
try Prosper.com
2006-07-07 11:20:19 · answer #6 · answered by Becka 2 · 0⤊ 0⤋