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Commercial Real Estate Loan Request
I have a client that is interested in obtaining a line of credit in the amount of $5 million dollars to build homes for sale. This client has in the past builded up to 1000 homes in the Houston market. He sold that business a few years ago and went into other business ventures. He now wants to build homes once again and needs a line of credit to build homes. We recommended to the client the SBA caplines program and the sub-program the builders line of credit whereby the facility is SBA guaranteed up to 75% of the loan amount or $3.75 million out of the $5.0 million plus a lien on the real estate and improvements thereof. So if you instituion is in this type of lending let me know via e-mail to M
[email protected] or linked in and we will follow up with you to start the process. We recommend a master note with sub notes for each home being built.
Manuel R Gonzalez, Consultant