I have a $20 million development project. If im able to acquire $10 million from investors can i expect banks to loan the other $10 million?
I am exploring the option of building a movie theater on my property. The project could cost up to $20 million to build when all said and done. My only investment into this project will be my sweat equity, my land(valued at $3 million), and what ever money the banks will loan me. My plan is to bring in private investors, and venture capitalists, but i would like to remain the majority share holder of this theater and in order to do so i will look to obtain a loan from the bank. My question is: If i were able to raise $10 million from investors, can i expect the banks to loan me the other $10 million to build this theater and retain majority shareholder?