Activity Stream - DailyFunder Forums
Need a Funder or Vendor? START HERE

Activity Stream

All times are GMT -4. The time now is 09:11 AM.
Filter
Sort By Time Show
Recent Recent Popular Popular Anytime Anytime Last 24 Hours Last 24 Hours Last 7 Days Last 7 Days Last 30 Days Last 30 Days All All Photos Photos Forum Forums Articles Articles Blog Blogs
  • Zonefund's Avatar
    Yesterday, 08:58 PM
    Joe, pm me his number I may know it is.
    20 replies | 3922 view(s) | |
  • Olderguy's Avatar
    Yesterday, 07:47 PM
    bro....direct lenders for this type of deal most likely won't be on this site and emailing you. You have not indicated if the land purchase (horizontal) - which is usually 50% LTV does have the 50% thereabouts? The vertical (the construction of the SFR) can be 70% - 90% LTC ( loan to cost) Here's a typical intake form for construction, just for your information: Real Estate Development Funding Request Outline We understand that there are specifics needed for this type of funding request. The object of this exercise is to get a clear “snapshot” of the project. Name of Project: Project Type (multi-family, MPC, commercial, etc.): Location: Funding Type: (equity, debt, bridge loan, etc.) Please respond to the following questions as completely as possible and provide the requested backup documentation. Thank you! 1. Provide a short narrative/description of the project. 2. What is total project cost, capital stack? Please provide a complete proforma. 3. What is the total equity input (cash, land, entitlement costs, etc.) from the sponsor? (Please note that lenders will not accept developer fees left in project as equity) 4. Are there any other funding sources (PACE, TIF, tax credits, etc.)? Are they approved/secured? Please provide documents/evidence. 5. If prepaid interest is factored, for how long? (Note: Some lenders will not use prepaid interest in the total construction costs for loan to value or loan to cost purposes.) 6. Will the construction be phased/staged? If so, how many segments? 7. Is the project entitled, site shovel ready? If not, what is the time frame for entitlements, permits, etc.? 8. Is there a current appraisal for the project? What is the appraisal amount and the estimated equity? Please provide the appraisal. 9. What will be the finished or completed value of the project? 10. What is the sponsor’s experience? Please provide sponsor’s resume and list of developed projects. 11. What is sponsor net worth/income, etc? Please provide sponsor’s financials, REOs and credit score. 12. Any additional notes for clarification? List of required preliminary documents: 1. Project proforma; 2. Offering Memorandum; 3. Documents re additional approved funding sources (PACE, TIF, tax credits, etc.); 4. Property appraisal; 5. Sponsor’s resume; 6. Sponsor’s List of developed projects; and 7. Sponsor’s financials, REOs and credit score.
    1 replies | 43 view(s) | |
  • CFLLC's Avatar
    Yesterday, 07:14 PM
    I have a client purchasing a 4+ acre lot in an existing subdivision in SW Colorado (USDA-defined ‘rural’ area) for the purpose of building a SFR to sell. The client anticipates selling the new home for ~$625K, and expects the land purchase plus the construction of the home to come in under $425K. The client has construction and fix-n-flip experience, and his credit score is in the mid-700 range. Direct lenders/funders only, please email me at clark@cumberland-financial.com.
    1 replies | 43 view(s)
  • MCA-VET's Avatar
    Yesterday, 05:46 PM
    Pooja is perhaps best free agent on the market? !
    10 replies | 2541 view(s) | |
  • abfunders's Avatar
    Yesterday, 12:36 PM
    ..
    10 replies | 2541 view(s) | |
  • abfunders's Avatar
    Yesterday, 12:00 PM
    It was never about the brokers. It looks like Balboa is just shutting down their entire department. Pooja, who has been in the industry forever with QuickBridge, LoanMe, then Kapitus and then Select, was officially downsized from Balboa :( https://www.linkedin.com/posts/pooja-nene_it-is-with-a-heavy-heart-that-i-announce-activity-7194720376319356931-1Bb4?utm_source=share&utm_medium=member_desktop
    10 replies | 2541 view(s) | |
  • Yankeeman07's Avatar
    05-11-2024, 04:02 PM
    TLD For Sale www.quikbusiness.cash Initiate a New Marketing Campaign - Print, Radio, Email Hosting Plus Included With Purchase Each Domain Purchased Unlimited Bandwidth Unlimited Mail Lite Mailboxes Unlimited Webspace Unlimited Email forwarders 4x 5GB Microsoft Exchange Mailboxes Unlimited Subdomains - Create Lead Generating Landing Pages 1x FREE 1-year SSL certificate Domain Registration Privacy 10x 1GB databases Advanced Scripting Annual - $2500.00
    0 replies | 108 view(s)
  • diditevenfund's Avatar
    05-11-2024, 11:58 AM
    I think it is important that brokers be wary of who the deal with, sorry but you were what, cold calling an IPO scam like its 1988? With so many guys just buying and flinging backdoors and packs, saying they have this that and the other, and no online reviews, a dead website, supposedly changed names per another comment up here, and every other red flag possible, how can you think posting this up on DF is going to go well? Kudos to you on a second chance, but potentially not promoting like you mentioned (vs promoting while doing it) and creating customers in the shadows is the best thing to do. What better way to combat questions on your reputation then by having no red flags and a lot of social proof to point to? That would be a mic drop situation for you wouldn't it? Would like to see brokers stay safe, everyone getting ripped left and right. If you are doing a good job, good, the social proof should take care of addressing that for you silently moving ahead.
    10 replies | 473 view(s) | |
  • Datfunded's Avatar
    05-11-2024, 06:54 AM
    This is JUST comical you guys are a bunch of Gossiping WOMEN ! you post a DOJ press release ?? now insult my family?? over little old me doing my own lead company with NO ill intent other then to help brokers and do honest clean business ! YOU GUYS are all Pathetic, do any of you make REAL money because what serious business man has time to post a press release of something that has 0 relevance other then to slander my name ... I have posted on this forum countless times with 0 kickback when I worked for someone else selling leads , now I do it on my own and look at all the chatter LOL ! My data is clean ,compliant and converts !! My clients tell me each and everyday ! So if someone doesn't want to do business with me because I did my time and paid my debt to society that's NO LOSS to me , half the big players in this industry have a record ! MR diditevenfund I DO NOT know , but he felt it so important on a Friday to tarnish my reputation and further insult my family - GUYS if you don't like me do not do business with me ...I see its important for a few of you to try and hurt my business meanwhile I have never said a bad word or did anything negative to any of you ... really guys Im just a guy trying to eat , all this over little old me ... I'm Flattered
    10 replies | 473 view(s) | |
  • diditevenfund's Avatar
    05-10-2024, 07:11 PM
    Like father like son. :)
    10 replies | 473 view(s) | |
  • PopCrumbs's Avatar
    05-10-2024, 05:21 PM
    Damn I thought i was good at uncovering the layers. I spoke to his kid yesterday, wanted to buy leads. Now i assume for resale
    10 replies | 473 view(s) | |
  • Olderguy's Avatar
    05-10-2024, 03:18 PM
    Olderguy replied to a thread Will anyone touch this? in Deal Bin
    Any investment property with equity that can be tapped?
    2 replies | 303 view(s) | |
  • MrMicroMcaLLC's Avatar
    05-10-2024, 03:16 PM
    Hello, We may be able to help with a micro position up to 30k here.
    2 replies | 303 view(s) | |
  • Datfunded's Avatar
    05-10-2024, 02:33 PM
    WOW ! you guys are a tough crowd . Just making an honest living here , there are some who just love the dirt I guess .
    10 replies | 473 view(s) | |
  • FundingGuy's Avatar
    05-10-2024, 01:32 PM
    FundingGuy replied to a thread Looking for weekly. in Deal Bin
    Try with Lendr
    1 replies | 129 view(s) | |
  • Cali Working Cap BJJ's Avatar
    05-10-2024, 01:19 PM
    Hey Dave, whats bad about Supervest? been dealing with them for years? *As a syndicator
    4 replies | 1197 view(s) | |
  • GrowthHacker's Avatar
    05-10-2024, 01:17 PM
    SPAM=Junk Bad news if that's what you're looking for... my systems will give you super powers over your competition! We have fully Conversational A.I. trained in MCA's to answer questions (vaguely enough as to keep them wanting more) and then qualify the lead, and once qualified the A.I. pulls in full packages while you sleep...
    28 replies | 13163 view(s) | |
  • diditevenfund's Avatar
    05-10-2024, 01:15 PM
    Same Jason yeah? https://www.justice.gov/usao-sdfl/pr/south-florida-residents-who-defrauded-investors-sentenced-federal-prison-terms#:~:text=Miami%2C%20Florida%20%E2%80%93%20A%20federal%20district,40%20months%20in%20federal%20prison
    10 replies | 473 view(s) | |
  • admin's Avatar
    05-10-2024, 01:13 PM
    banned. website doesn't even work
    5 replies | 183 view(s) | |
  • diditevenfund's Avatar
    05-10-2024, 01:07 PM
    mmmmmkay
    5 replies | 183 view(s) | |
  • whiterabbit's Avatar
    05-10-2024, 01:03 PM
    Credit is 550. High deposits in Jan and Feb (100K each month) Only 35K in Mar and April. March is brutal 6 negative days April 1 negative day. MTD no negative days, pacing last month. Industry is Fire protection. He wants 50k-100K, I already told him no. Anyone?
    2 replies | 303 view(s)
  • whiterabbit's Avatar
    05-10-2024, 12:57 PM
    I got a file, he's got an offer now for 18K over 13.5 months, I'm guessing its a 1.38-1.40 based on what he told me he was paying back, I don't have any other information, and who knows if its a real offer. The banks look clean, industry is IT. The issue, he wants a weekly payment, I think if I can come in around the same or slightly more with a weekly, it will close. thanks.
    1 replies | 129 view(s)
  • Capital Domain LLC's Avatar
    05-10-2024, 12:53 PM
    We are direct funder giving new ISO shops the opportunity to On-board with us and have a long term relationship. We do straight and have no issues with any broker/ ISO shops anywhere. Looking forward to Funding deals for new shops. Have a great day. Capital Domain LLC 516-306-0077 www.capitaldomain.com
    5 replies | 183 view(s) | |
  • Kevin Henry-Seacoast's Avatar
    05-10-2024, 12:50 PM
    There is a press release on the LinkedIn Seacoast Business Funding page. It should hit most industry publications sometime next week.
    5 replies | 338 view(s) | |
  • Olderguy's Avatar
    05-10-2024, 12:47 PM
    None of these people who post this stuff can read. You just want someone to send you a W9, VC, and DL?....bet that will be on the dark web in seconds. Bro - this belongs in promotions - with required address, etc...
    5 replies | 183 view(s) | |
  • FlexibleCapitalSolutions's Avatar
    05-10-2024, 12:44 PM
    wow congratulations to Seacoast Business Funding for getting you back. Really great news going into the weekend. Wonderful mothers day gift for my wife once I let her know your back. Is there a press release link for this announcement that you can provide so that I can share with my network?
    5 replies | 338 view(s) | |
  • diditevenfund's Avatar
    05-10-2024, 12:43 PM
    sick post
    5 replies | 183 view(s) | |
  • Rayc4's Avatar
    05-10-2024, 12:43 PM
    ray@boomfunded.com
    6 replies | 175 view(s) | |
  • Capital Domain LLC's Avatar
    05-10-2024, 12:41 PM
    Direct Lender 25k -1M up to 180 days Early payoffs options Reverse consolidation up to 280 days High commissions up to 15% Underwriting response under 1 hour Same day Funding All our deals for underwriting are sent to deals@capitaldomain.com Capital Domain LLC 516-306-0077 www.capitaldomain.com
    5 replies | 183 view(s)
  • diditevenfund's Avatar
    05-10-2024, 12:39 PM
    This thread is going very poorly and fast for OP
    10 replies | 473 view(s) | |
More Activity


INDUSTRY ANNOUNCEMENTS

Fora hits origination milestone
Maxim promotes F. Rodriguez
Broker Fair to be Kosher catered


DIRECTORY