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  • TheConfidentBroker's Avatar
    Today, 10:47 AM
    Hi. Only Gossiping woman* here. You sure you never said a bad thing about anyone here? You should just leave. Permanently. Why bother? If you hate us all so much why come back? Men gossip too. Why try to strike below the belt with what’s below the belt?
    11 replies | 501 view(s) | |
  • Zevi@JaffeCapital's Avatar
    Today, 09:43 AM
    If revenue is 100k+ and Ledgers avg 15k+ We can consider for a premium 1st Position 12-18 Month deal Zevi@JaffeCapital.com 917-868-8843
    7 replies | 198 view(s) | |
  • kpeng's Avatar
    Today, 09:38 AM
    kpeng replied to a thread Will anyone touch this? in Deal Bin
    That is an unreasonable amount of money to expect given their revenue and industry type. Especially for an MCA product. Sadly, there are probably some MCA funders who WOULD give them that and put them out of business.
    3 replies | 328 view(s) | |
  • Zonefund's Avatar
    Yesterday, 08:58 PM
    Joe, pm me his number I may know it is.
    20 replies | 4028 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 | 57 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 | 57 view(s)
  • MCA-VET's Avatar
    Yesterday, 05:46 PM
    Pooja is perhaps best free agent on the market? !
    10 replies | 2598 view(s) | |
  • abfunders's Avatar
    Yesterday, 12:36 PM
    ..
    10 replies | 2598 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 | 2598 view(s) | |
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