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Reader Comments (Page 1 of 1)
12-17-2007 @ 10:45AM
LAR-LLC said...
Good Morning,
We are LAR-LLC and are participatiing in the rebuilding of homes and apartments in the New Orleans area. We have several investors that are buying properties for cash and flipping them to locals with the intent of building neighboorhoods.
We are working with local officials and residence to see where the greatest needs are but have run into a snag. Their is only so much money that we can spend.
I saw that you are matching funds in the New Orleans area and we are wondering if the following scenario would work for you .
Most of our investors are extremely credit worthy individuals with great credit and high net worth. We are not looking for a hand out but wondering if you would be willing to create a fund that would lend us money against the properties that we are buying for purchase and rehab. We could pay 4 points and 14% APR interest with the loan being repaid in less than 4 months. Again we are not looking for a hand out, just a helping hand. We are currently involved in several homes and apartments complexes in St. Bernards parish. Please contact me if you are interested.
Thanks,
Pat Montesanti
Founder and COO LAR-LLC
Reply