I need an investor that can put up approximately $5M and sign off on the bridge financing I would need for this particular multifamily asset (as my net worth is too low). The numbers have been crunched, the seller is in a pickle, and I would need to move fast to get this done before he settles with another buyer. Is there a quick resource I can go to (ie. some sort of list) where I can pitch investors directly (via cold calling or whatever) or as an alternative are there companies I can pitch this deal to for an acquisition fee.
I realize I run the risk of being flamed, but I'm doing everything I can to get this deal locked up as I feel it is too good an opportunity to pass up.
messaged you
I’d start with reaching out the MM REPE finds. They usually gaugue you on terms when you need the money ASAP, though.
Thanks Pokemon Master, and that certainly seems like the best route to take at this point. Other than cold-research do you have a preferred resource/database that is available online or elsewhere?
Have you considered going with an asset-based lender?
Agreed with the above. Prob JV, or pref equity from a small-mid cap provider, whether it be a private equity firm, or family office.
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