Financing / Crowdfunding : Presales financing by Donnalyn Vojta

Donnalyn Vojta

Presales financing

Hi, all. Looking for answers on the value of having presale contracts. As a producer, if a sales agent secures $2MM in presale contracts for my project, and the project's gross budget is $2.5MM, can I get a loan against the presales for more than 80% of the presales? So, in this example, can I borrow $1.6MM using the presale contracts as collateral? Any help is GREATLY APPRECIATED! Thank you~

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