MACTHEKNIFE
Registered User
- Messages
- 20
Am thinking about putting together a property development project that would require funding to the tune of something like €14-15 million. Have completed smaller scale project successfuly but wondering how much a bank is likely to make available? Ideally I would like to invest around 500k of my own money and would be interested to know how much the bank would offer on top of that eg. 90% loan which would make €5 million available?
If this was plausible I have had some enquiries from friends colleagues who would be interested in getting involved but am wondering what reasonable rate of return would be expected eg. if someone puts up €3 million for such a project over say 15 months is the expected rate of return 10% / 15% / 20%?
This would not be considered a high risk project and would be backed by some decent real estate and hopefully this would be reflected in keeping the expected rate of return to a reasonable level.
Whilst I have a small business set up I am keen to understand what the normal expectations are when bringing in people for extra funding. Any advice would be much appreiciated.
MAC
If this was plausible I have had some enquiries from friends colleagues who would be interested in getting involved but am wondering what reasonable rate of return would be expected eg. if someone puts up €3 million for such a project over say 15 months is the expected rate of return 10% / 15% / 20%?
This would not be considered a high risk project and would be backed by some decent real estate and hopefully this would be reflected in keeping the expected rate of return to a reasonable level.
Whilst I have a small business set up I am keen to understand what the normal expectations are when bringing in people for extra funding. Any advice would be much appreiciated.
MAC