Fixed Price: Not Sure
| Posted: Aug 19, 2015 | Ends: 5d, 10h |
I am looking for someone to help me find investors for a new real estate development in California. The project is a new self-storage facility on 5 acres of vacant land. The total projected cost for land and development is $3.3 million. The 3-year valuation at 80% occupancy is $4.5 million with additional upside on higher occupancy. The property is already zoned for self-storage and has all utility connections and street improvements. The construction company has confirmed the development budget. Here is the problem: I have been turned down for 2 years by almost 100 investors, angel groups, investment clubs, lenders, friends, family, and crowd-funding sites because I do not have any "skin in the game." Meaning, I do not have any cash or collateral in the deal. I have done all the work up to the point of being able to buy the land and begin construction, but no one will invest in this project because of this issue with not having "skin in the game." The assu...
Category: Other - Finance & Mgmt