Along Come the Projects
A week ago we did our first "project" with an experienced investors who purchases, fixes and resells single family homes in northern Utah. He gets:
- ALL OF THE CAPITAL he needs to purchase and repair the house- no money out of pocket
- LOWER INTEREST RATE to cover our cost of money
- MORE TIME to complete the project
- NO EXTENSION FEES if the project runs long
- FREE CONSULTING on the project- he especially needs curb appeal help
What's in it for Clear Day Capital? We get a piece of the project. Instead of points, we split the profit from the project. Why do we do it? We believe in the project and we believe that we will make more money. We take the time risk with the origination fee.
Since the First Project
Since last week we closed another three projects, similar to the first. One is a rehab, one is a refinance of a completed project, and the last is our first commercial project.
Do You Have a Project that Needs Financing?
If you do, call us at 801.747.7267 and we can talk about a traditional loan or about doing a project together. Either way, we enjoy creating opportunities for real estate investors.