American Cash Solutions Inc- $11.5 million Letter of Interest Obtained by American Cash Solutions Inc on behalf of Midwestern Builder

By
Mortgage and Lending with AMERICAN CASH SOLUTIONS INC

American Cash Solutions Inc is pleased to announce it has obtained a Letter of Interest on behalf of a Builder located in the Midwest.  The project involves construction of over 100 single family homes, over 5 Industrial Buildings and over 8 Commercial Mixed Use properties.

The Construction Loan is for 3 years with a one year lockout.

What made this project viable to the lender was 1)positive demographics 2)enough presolds that demonstrate interest from buyers.

In today's markets, builders and developers will find that lenders view an exit plan as an answer to how the bank will get the money back that they are lending out.  Builders and Developers are doing themselves a favor by consulting with real estate agents and having a top notch marketing plan in place that adresses who the buyers will be!

 

While American Cash Solutions Inc makes no promise on behalf of its lenders, direct or implied, we encourage Builders and Developers to contact the owner, Charles G Hennebeul at 631-368-2219 to discuss subdivision projects, underlying loans for co-ops, condos; construction take out loans, and repositioning of problematic construction loans with a commercial purpose.

Charles G Hennebeul

Owner

American Cash Solutions Inc

631-368-2219

http://www.mybuildingfunds.com

 

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Rainer
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Justin Williams
Independent - Virginia Beach, VA
Loan Officer

WOW thats is awesome news!  Wish you nothing but the best Charles!  Sounds like you are doing very well!

Oct 25, 2008 09:54 AM #1
Rainer
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Charles G. Hennebeul
AMERICAN CASH SOLUTIONS INC - Melville, NY

Justin-what makes this project attractive to lenders is the exit plan.  Even with a good exit plan not all lenders will touch this project but that could be there loss!  If the developer can't show presales then one of my lenders won't touch the project even if you already own the land!  I put alot of work in to this deal.....I've been working on this deal since September.  This won't be the last project like this!

Oct 27, 2008 07:40 AM #2
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Rainer
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Charles G. Hennebeul

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