Wazuans, Help me out. Do we have investors who one can jointly develop a commercial plot and then pay off using the rental income with the plot owner having a retainer of like 20% until you pay off your property. I am writing in line with the recent Interest rates which are just too high to develop using borrowed funds. Does these chinese guys have any these arrangements since am sure international fund could be cheaper??? Just curious.

I have nil experience in property but what I am wondering is this: Are you certain you will get tenants after the commercial property is completed?

When you have very 'viable' ka-plot (reasonable size, great prospects in that location! Location! Location!) money will come looking to develop the project. Comes in form of joint venture with your. Contribution being the value of land and your share being its component in the overall cost. But most banks don't fund projects with projected cashflows. You must demonstrate current cashflows, na siyo pesa kidogo wanauliza. Plot iko wapi

[/quote] Thought you said it was a commercial development? 20M to me looks doable via some partners..form a Co.and have say 5 guys each contribute 4M,you contribute the land(you will all be directors of the Co.),then agree on how to share the rent or the houses after project is complete?