"Be a Part of Topock66 Spa & Resort"

[Paul65K]

So why can't he go to a bank for funding like any other business? Bad credit or something??

I have no direct knowledge of Topock 66 but here's how I read it;

There is no way they can build that hotel for $1M or even $6M. I would opine that originally they needed to put up $6M cash or security to secure the necessary funding to complete the hotel project.......maybe something north of $20M. The statement that they only need to raise $1M as a result of their success (read profitable, cash-flow positive) even though the cost to develop the entire project remains the same as there is no way in hell they will be building much more than a few rooms for $1M.

What say you Mateo.......this is your profession???