Greetings: My name is Raymond Johnson founder and principal of Q-Ace & Associates a Real Estate Development & Consultancy firm for developers and financiers. We undertake technical & financial assessment of project in order to secure financing on behalf of our developer clients and offers project management services for financiers and developer clients as well. We are in the process of setting up our own private equity financing company and is seeking to partner with private investors who can fund the project that come to us for financing. We have a wealth of experience in housing development financing in Jamaica and understand the many challenges faced by our clients with financial institutions in Jamaica. Some of the challenges include:
1. Slow processing time for loans
2. Slow pace of disbursement on QS certificates. presented for works done.
3. High interest rates.
4. High presales requirements.
5. High financial charges
6. Penalty for portion of loan funds not utilized.
7. Among others.
Too often our clients complain to us that these are real issues that is putting their project at risk but cannot get out of the arrangement. There is no penalty for the Bank if they fail to disburse funds on time. I am therefore seeking to address these issues through the new company where we can respond to the needs of our developer clients more speedily. This I believe we can accomplish and be very profitable given the model. We are therefore interested in forming a private equity partnership with a company or group of about 5-7 investors who wants real return on their investment in the real estate market. I am available for further dialogue.
Raymond
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