private equity
capital for new construction
Construction funding for medical office, multifamily, distribution centers, data centers & more.
$25M to $350M
Get the capital you need to fund your development project.
capital for business
Seed stage to series A equity or business lines of credit for receivables or acquisitions.
$100K to $10M
get the capital you need to fund your business.
Now investing through Developers Fund III LLC
ABOUT us
Welcome to Developers Fund III LLC.
We are private equity investors co-investing with family offices to fund great projects and great entrepreneurs.
We invest primarily in people based on their experience and track record and then look at the projects or companies they're building last.
We can often fund projects or companies many others cannot because we use private equity and not traditional lending criteria.
If you are a commercial real estate developer with a proven track record and have a minimum of 10% of your project cost in cash on deposit in a top 100 bank, we can typically fund your project.
If you are a profitable business with cash flow, we can fund your business based on future cash-flow.
If you are a start up business or early stage company seeking a seed round or series A capital, we would also like to meet you.
If you are a high net worth individual or family office investor seeking risk-mitigated above market rate returns with a proven management team, we would welcome your inquiry as well.
Give us a call during working hours or fill in the form on our contact page for more information or to get a quote.
Let's build great things together.
Sincerely,
Michael Metcalf
Founder | CEO
how can we help you?
Developers
non-traditional funding
We can provide 90% funding on construction projects from $25M to $350M in total project cost.
Developers must have 10% of the total project cost in cash on deposit in a top 100 bank.
Developers must be willing to block their funds for 10-months or for the period of construction, whichever is greater.
Total project costs can include land cost, entitlements, architecture, site preparation, permit fees, construction cost, interest carry and broker fees; however, the developer must still have a minimum of 10% of the project cost in cash on deposit in a major bank to qualify for this program.
Construction funding for 90% of the project cost can then be provided according to a mutually acceptable construction draw schedule.
Clients have no payments due for 24-36 months during construction with two one-year extensions also available.
traditional funding
pref equity & construction debt
We co-invest with qualified developers who have at least 10% of the equity stack invested in cash. We co-invest in the equity stack along with other family offices to reach at least 35% total equity based on the project cos.t
We then arrange construction debt with 3rd party lenders known to us who have a proven track record to perform.
The terms for pref equity and construction debt depend on the sponsors background, cash investment, balance sheet and projections.
joint venture
We are open to partnering with land owners and/or building owners who may not qualify on their own but would like a strong capital partner with principals who have decades of commercial real estate development experience.
business owners
non-traditional funding
We can provide 90% funding for new business start ups or acquisitions ranging from $10M to $50M.
Principals must have 10% of the total project cost in cash on deposit in a top 100 bank.
Principals must be willing to block their funds for 10-months or for the period to reach cash flow positive at mutually acceptable intervals, whichever is greater.
Business funding can include start up costs, acquisition costs, equipment, software, payroll, sales, marketing, inventory and other G&A expenses.
Business funding for 90% of the capital required can then be provided according to a mutually acceptable monthly draw schedule.
Clients can defer all payments for 24-36 months start up or acquisition and stablization periods.
traditional funding
private equity and/or credit lines
We can invest private equity in businesses with positive cash flow or provide lines of credit to increase sales, acquire inventory, buy equipment or software or to fund acquisitions of other businesses.
We co-invest with entrepreneurs and other family offices.
We can also invest seed capital or series A round risk capital provided that we have synergy with the entrepreneur and the business type contemplated.
credit lines
We can provide credit lines or receivable financing based on previous business activity and proven cash flows.
The amount of the credit line is determined based on the current cash flow and sales contracts.