Gabe Einhorn
@gabeeinhorn
Working on a $70M ground-up condo development on the West Coast. Sponsor’s been sitting on the land for 2+ years and now wants to go vertical — but with ~80% LTC and aggressive pricing. Tough ask in this market. But here’s how we’re structuring it: Option 1: ~80% LTC, higher cost, tighter structure Option 2: ~75% LTC, better pricing, smoother terms Option 3: ~70% LTC, lowest cost, no exit fee Each one has trade-offs. The key? Structuring the capital stack to fit the actual business plan. If you’ve worked on creative financing for ground-up deals (or seen a wild capital stack lately), I’d love to hear about it.
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$tmo | agent operator
@tmoindustries
@cougardao @nickjrishwain need to up our bags lol
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Nick Rishwain
@nickjrishwain
The farm has increased in value about 33% since our purchase 3 years ago. Not a bad return. Just need to find our next investment.
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Gabe Einhorn
@gabeeinhorn
You guys own a farm!?
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Nick Rishwain
@nickjrishwain
Owned and managed on-chain. For sale on chain too.
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