Hi All,
I am looking at raising some private equity in order to undertake a small development. My solicitor suggested I approach some financial planners and operate under the 1220 rule ( maximum of 20 investors or $2mil.) Can anybody offer any advice as to how you think I should proceed with this? In my proposal with the planners should I offer them commission on the funds lent by their clients?
All suggestions are greatly appreciated,
Regards,
CharlieCharlie,
Why do you need Private Money?
For a 'small' development, the costs of establishing an investment pool, drawing up the necessary documents, determining pricing, repayment frequency etc etc would hardly be worth it. Even for a bigger project, organising all that on your own is a pain. Why not just have someone look at the proposal, qualify you properly and find a 'best fit' solution for you.
If you have any information available, I would be happy to assist. I have a healthy range of funding optionf from majors, right through to wealthy groups and even cashed up individuals that can assist.I look forward to hearing from you so I may be of assistance.
Tim
Charlie,
I actually specialise in development finance. Have you experience in development? Or can you appoint a project manager? If so, have you conducted a feasibility study on the project? Are you putting any "hurt money" into the deal? An investor likes to see a developer reaching into his pocket first. If you can answer yes to these questions there is a good chance a profitable project can get off the ground.
Its hard to say, as there are so many aspects….. It may require pre-sales, although I am able to satisfy that need with either investors or a pre-sale product that will satisfy the bank's pre-sales requirement.
I have access to quite a few banks, specialist construction funders and private investors. Don't approach financial planners. You should be able to raise the funds.
Warm Regards,Greg Levett Mortgage ExcellenceP 02 9401 7277F 02 9401 7377M 0412 008277W http://www.MortgageExcellence.com.auE [email protected]
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