Sid Pickle
Jonesboro, AR (USA)
Role(s):
Founder/Owner/Principal
HP Development
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Startup
Location:
Jonesboro
Industry:
Real Estate
Year Founded:
2000
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
"S" Corporation
Description:
HP Development is a commercial contracting and real estate management company specializing in multifamily developments.
We currently have a HUD section 221 (d)4 within a few weeks of firm application on 108 multi family units. 40 year rate, 40 year term, non recourse fully assumable. We have the cash to put into the deal and the working capital letter of credit but we need help with a $1,000,000 irrevocable letter of credit to secure a performance and payment bond for the construction side of the deal.