$500 Million - $10 billion Real Estate Development, Commercial Projects, and Government Infrastructure Projects World Wide
Do you have a client that has a large real estate development project, commercial project, or government infrastructure project that is requesting financing in the range of $500 million –$10 billion and are looking for a real lending source to finance these projects? Have you been successful in finding a lender that can finance these projects?
Clarification added 5 months ago:
Response to Walter Conn email -
We have deals in Mexico, El Salvador, Egypt, and St. Croix. These are resorts, casinos, hotels, commercial development. The lenders we are currently dealing with are working on a non-recourse loan arrangement. The borrowers we are working with have extensive experience and satisfactory investment in the deals and net worth. The lender is structuring a JV equity and senior debt financing. I wanted to see if people have found other lenders to accommodate these deals due to the current market.
Clarification added 5 months ago:
We have a source that is focusing on financing these deals. Due to the current climate in the United States market, this lender has only been focusing on these types of deals internationally only and have excluded this for US based projects. However, they have finally opened up financing in the United States. The underwriting criteria are open to all types of real estate based projects private or public. From real estate developers, to government infrastructure projects, our lender can finance them all. The sources of funds are from several very credible sources; a $32 billion dollar US based Hedge Fund, a $25 billion Dubai Investment Fund, a $110 billion pension fund, and several international institutional investors with over $50 billion in assets. Underwriting is driven by merit of projects and qualifications of principals (net worth, liquidity, cash investment in project – “skin in game”, and experience) involved.
Clarification added 5 months ago:
Our lenders are focusing on the Middle East and Asia
Clarification added 5 months ago:
Steve you make a good point –
All the deals that we do receive require are submitted because they need a certain component of financing that is not being facilitated by their local lender. Our lenders focus on international deals so all the proper checks and balances are in place in order to properly evaluate the merit of each transaction. Third party vendors are all local to the respective markets. Our lenders have many contacts such as lawyers, appraisers, and consultants that they rely on. Since the lenders are considered smart money investors, their aggressive underwriting and flexible financing options provides a strong competitive advantage to other local lending institutions. Therefore, we are never competing with local lenders just working on deals that they can not do or chose not to. Our lenders are purely providing a niche play in today’s global lending markets.
Clarification added 4 months ago:
The opportunities for financing are world wide. No countries are excluded except for the US State Department’s blacklisted nations. Please refer to the State Departments website to reference.
Answers (20)
Walter C
CEO of Figueroa Capital Group [LION 1500+] wconn@figcapgroup.com
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These types of request do arise, yes. The sponsorship is typically convoluted, lacking the ability to produce a management structure, financial statements and liquidity to enable financing. No single lender will have an appetite for such a large investment, and therefore, the financing package will necessitate participation by an array of institutions. While these can and are accomplished, the marketplace has become very difficult for such large packages.
Capital still exists for such ventures, but will be very cautious and require highly invasive underwriting. What sort of projects are your seeking financing for and where are they located, who is taking the recourse, and how credible are the borrowers?
Subhas C B
Trainer, Consultant and Auditor (9001, 14001, 16949 & 18001). subhascb@gmail.com
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It seems you have not considered India or Asia as one of the prospective market.
If you are interested, such projects are available and clients are many.
Shall submit further details once you clarify the geography.
James S
CFO/Member at Gordon Orr & Associates, LLC (300 1st tier, 267k 2nd tier, 11M 3rd Tier)
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McLloyd,
We have two larger scale projects coming up on the horizon for which we will be looking for JV/Equity partners. One is a high end, mixed use 23/25 story building in Pittsburgh that will include a luxury hotel (anticipate Ritz), two floors of private surgical facilities/doctor offices, retail, revolving restaurant, and potentially 12 to 18 large private condos/luxury suites. We are in process of tying up the land now on this deal. Anticipate $30M to $45M in development and construction costs (depending on soil conditions).
The second project is a 250 unit botique hotel in the New Orleans area. This project is at least a year out (or more) from breaking ground.
We are almost to the point we could begin discussing details on the first project and are working to create a list of potential investors. We'd prefer a single equity investor, rather than a group (for obvious reasons) and any of the investors you mentioned would seem to fit the bill.
Let's talk more.
Patrick L
Head of Marketing / Senior Asia Consultant at Intelligence Research Ltd / www.intelligenceresearch.com
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Seeing as your lenders are focussing on Asia, you may wish to take a look at the Asian Infrastructure Journal on www.asiaininfrastructure.com. This includes a comprehensive overview of all upcoming and ongoing infrastructure projects that are large enough to be of interest to foreign investors.
Please feel free to add me to to your network
Patrick.Lohlein@intelligenceresearch.com
Links:
Steve T
Managing Director at Steve Tennant Consultancy Ltd
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I am aware of several Projects in Asia, Infrastructure, resorts, casinos etc which are currently considering project financing options, most being in the US$1-5b range and have been involved in arranging such funding and then managing the construction of the financed facility. These are generally financed on a non recourse basis through a senior facilities agreement with a syndicate of lenders. When the US debt market collapsed about 13-14 months ago we found that the Asian debt market was more than willing to step in. It is still possible to borrow funds in the Asian Markets, although a bit more difficult than say 15 months. Most important from a borrowers point of view it is still possible to obtain multiple offers so your lenders will have to compete for the business with lenders who probably have a better knowledge of the Asian Market and the players which helps in sorting out the real projects from the vapour ware ones.
Dear Walter, I have a developer looking to raise U$200m to develop several beach front resorts and their residential components in the North East of Brazil aimed at both local and foreign buyers. I can fwd an exec summary if this may be of interest, or I can put you in touch with the management. I have attached a report from JLL (they have just opened an office, so bear in mind).
My email is simon.burnett@brcltd.co.uk
Links:
Hi,
We have investors currently interested in real estate investment opportunities in US, UK and Mexico.
Links:
are u interested in real estate and infrastructure deals in India
100 % FDI is permitted in this activity
I have developers with projects of residential and commercial real estate in Russian Federation.
If you are interested in italy- sicily, such projects are available and clients are many.
i have two resort on the beach in catania. I have too a big shopping center.
Clarification added 4 months ago:
Who Would Have Interest a large hotel complex in sicily?
I would like to know if someone is interested in achieving an investment in Sicily. The project envisages the creation of a large hotel complex on the sea in catania. Currently there is only the land of 35 (ha) owned by my clients. My customers are known Entrepreneurs of real estate.
Clarification added 4 months ago:
One of mine clients manage a piece of land suitable for hospitality and touristic purposes in the area of Acitrezza, country of Acicastello, Catania.
It is situated in one of the most beautiful spots of our eastern coast amongst a stunning context which offers breathtaking views and represents a unique opportunity if not only for its location, only 20 miles from the volcano Etna and overlooking the Acitrezza Faraglioni.
The area comprises of 51.000 square meters, 35.700 of which are suitable for the erection of a 2 storey building of up to 8 meters.
The land does not have direct access to the sea.
If the above is of any interest, I would be very interested in establishing a relationship to develop it further by managing one of your brands, renting the building, franchising, etc.
Thank you in advance for your time.
Kevin O
Agent for Property Investments in Poland, Bulgaria, Albania, USA,Health & Safety Csnt, Motor Trade Admin, Telecoms Ag
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Any interest in getting involved in Property deals in Poland.
Regards and best of luck
Kevin O'Sullivan
Alejandro (Alex) C
Corporate Lawyer at Zang, Bergel & Viñes Law Firm - a.contreras@zbv.com.ar / acontreras@argentinechamber.com
If anyone interested in Argentina and Uruguay, let me know. In South America, mainly in Argentina and Brazil, there is a need of Industrial and Logistic Real Estate Infrastructure, due the Agribusiness bonanza that those countries are having. This region it is not affected from Mortgage and Credit Crunch and it is secured if the biz, is related with agribusiness commodities. We have plenty clients and projects going on in Argentina, Chile, Uruguay and Paraguay in Real Estate Agribusiness related. Our firm represents the biggest real estate and agribusiness players in Argentina. All the best
Links:
We are currently seeking 150 Mio USD for our real estate projects in Brazil, Chile and Argentina.
Siva P
President - Pillar Mortgage Corp./NSA Contractor#10714
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yea i am top broker
847-380-9861
I have some deal I am still trying to find a home for in your range
Blake R
Multifamily investor / operator RPM & support services www.linkytown.com / www.occupancy100.com
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I am aware of an Indian Tribe in Northern NY that is interested in a major Great Lake's port project on their property. Is this of interest?
Your client would have to advance some cash to a third party to launch this enterprise.
