I am using this week’s post to highlight a unique service that we offer. Some of our developer clients need to get through the design/permit process in order to unlock value that will allow them to access funds for construction. Sometimes they do not have all the funds on hand for design.
PLACE Designers has a solution for this. PLACE Designers will loan a portion of the design fees to enable a client to use our services. This loan is an installment loan and bears interest, it also is secured by the property. The rates and terms are similar to hard money, which is more expensive than a bank but can be much cheaper than equity.
If you have a project or know of a project where this solution may be helpful please contact me. This may be a subdivision development, a mobile home park, office condos, or multifamily, for example. Our integrated services allow us to add value to a variety of project types. As you can see, we try to assist our clients any way we can. We look forward to facilitating your next project!
More to come soon. If you want to get in touch please let me know! Thanks for reading!