Financial Partner for Commercial Real Estate

[K25150]

Outside of Baltimore

Money needed to purchase newly constructed 30,000 sq.ft. warehouse structure. We will then open a sports/athletic club. I have many sources to fund the back end. However, I need the 10% the lenders require on the front end. Total project costs - 5 million, includes the real estate and setting up the athletic club. 500K in cash or assets needed to obtain full funding.

Location is largest commercial development along I-95. Billions have been spent on infrastructure.

I have 12 years experience in the fitness industry. The club will have a full-size gymnasium, 2 levels, running/skating track and kids workout area. We will sub-lease much of the space to complementary businesses (doctors offices, day spa, cafe/Starbucks). This will lower our overall overhead.

[akula]

hhahaha
hilarious
5mill, is that all
have u thought about renting?
i bet that will "lower our overall overhead"

[BusinessAdviser]

So you've already been approved for a loan, provided you can put up the 10%? The lenders are sitting there with a check waiting for you to put that up?

[K25150]

Acula,

Do you spend all day hijacking people's threads with your cocky comments? Guy's like you are all show and no substance. Why pay rent if the mortgage payment will be less than the rent. Need I mention the strength of owning the real estate. Eventually, I'll sell the business and still hold the property. You're a YE veteren!? That's pretty funny.

[K25150]

So you've already been approved for a loan, provided you can put up the 10%? The lenders are sitting there with a check waiting for you to put that up?

Most have said that with a strong business plan/pro forma and 10%, it's a fundable project. The real estate option lowers the risk.

[BusinessAdviser]

So where is your business plan?

[akula]

Acula,
Do you spend all day hijacking people's threads with your cocky comments? Guy's like you are all show and no substance. Why pay rent if the mortgage payment will be less than the rent. Need I mention the strength of owning the real estate. Eventually, I'll sell the business and still hold the property. You're a YE veteren!? That's pretty funny.

dude, are you broken in the head or something
take a step back; look at where you are and the substance of what you're posting
it's just not sinking in is it...ok, I'll spell it out, if you're really-really on the hussle, I'll look for your 5mill pitch on craigslist.com :-)

[BusinessAdviser]

Acula,

Do you spend all day hijacking people's threads with your cocky comments? Guy's like you are all show and no substance. Why pay rent if the mortgage payment will be less than the rent. Need I mention the strength of owning the real estate. Eventually, I'll sell the business and still hold the property. You're a YE veteren!? That's pretty funny.

So... You're wanting the $ to start a business with the intention of selling it. In essence, you want to be a venture capitalist, but you don't have the $ or the knowledge to do so. The LAST business in which I want to invest is one who the manager is only starting to hope to sell. Good luck.

[K25150]

Wow, everyone is full of assumptions on this site. Sure I'll sell. After 15 or 20 years after I've opened 15 or 20 more clubs. Imagine my real estate holdings then as I'm collecting rent from all of my former locations.

[K25150]

dude, are you broken in the head or something
take a step back; look at where you are and the substance of what you're posting
it's just not sinking in is it...ok, I'll spell it out, if you're really-really on the hussle, I'll look for your 5mill pitch on craigslist.com :-)

For someone who brags about being so successful, you sure have a lot of time on your hands little man. You're laughable.

[strategy]

Dont start a business aiming to sell it, start a business aiming to make your stock-holders very wealthy people.

[BusinessAdviser]

For someone who brags about being so successful, you sure have a lot of time on your hands little man. You're laughable.

Aside from your business and financial acumen, that attitude will get you know where. Good luck making it.

[K25150]

Aside from your business and financial acumen, that attitude will get you know where. Good luck making it.

Well maybe you choose to ignore people when they attack you and more importantly, attack your posting. But I don't.

[BusinessAdviser]

And that is EXACTLY why I wouldn't invest in a project managed by you. If you run a business, you cannot escape running into people whose attitudes and actions just eat at you. Your way of handling this such situation tells an investor that you do not have the attitude, intelligence, demeanor, or just plain common sense to run a business. Had you kept your cool in the face of someone knocking your ideas or you personally, respectfully disagree, ignore them, support your position with facts, or respond in some other mature way, you not only are the better person, but you are someone who "gets it," someone worth investing in. Reputation is inescapable in business, and you are showing yours to be poor. As an investor, your stooping to another level makes my decision much easier, even if you have one hell of an idea. I invest in PEOPLE as much as I invest in their projects. Please, for your own good, reflect on this and learn. You'll be better off.

[K25150]

I appreciate your input but I prefer to be assertive and aggressive and defend my postions. That guy doesn't bother me. What pissed me off was that he hijacked my first ever post on this forum. A very legitimate request for a solid project. He should have simply sent me a private email but instead, he he tried to publicly disparage me and I'm not one to sit back and brush that off.